Heiken Ashi Indicator

Platform: MT5 Type: Pattern

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Last update: December 21, 2024

The Heiken Ashi Indicator for MT5 is an alternative approach to displaying price candlesticks. While the most traders are familiar with so-called japanese candlesticks, the heiken ashi utilizes different formula with the goal to reflect trends better.

These bars usually have longer wicks and are filled with blue and red colors – they respectively corresponds to bullish and bearish price movements. Big bars and and long wicks means strong momentum, while small-sized ones can be observed during exhaustion or lack of power.

Example chart:

heiken ashi indicator example chart