Heiken Ashi Smoothed Lines Indicator MT4
Platform: MT4 Type: Trend Last update: March 28, 2025The Heiken Ashi Smoothed Lines Indicator for MT4 presents different approach to use of has candles, namely it displays blue and pink lines instead candlesticks. Trading signals are based on their crossovers.
Example chart:
How to trade with the heiken ashi smoothed lines indicator for mt4?
As previously mentioned, intersections of the heiken ashi smoothed lines indicate potential trade entry and exit points.
When there was an upside cross – a yellow buy arrow will appear indicating bullish opportunity. Similarly, When there was an downside intersection – a red sell arrow will appear for a short trade. As you can see, the rules are easy to follow, which makes this indicator a good choice for beginners.
These moving average lines are based on period with default value of 5. One can adjust to get more or less sensitive readings. What’s more, the metatrader 4 indicator has an interesting option called better formula and it’s turned on by default. It’s recommended to leave it that way as it provides better and more accurate signals.
Heiken ashi smoothed lines during strong trends
When there is a strong trend present in the market, the price tends to make pullbacks and then resume movement to the original direction. When such pullback occurs, levels defined by heiken ashi smoothed lines are great place for trade enteries.
In this strong downtrend example below, the setup appeared three times. Each time price rose a bit above the lines, it was almost a perfect short position opportunity.
Indicator settings
The indicator has many options in the settings tabs (including alerts, colors, arrows etc.), but let’s explain the most important ones.
- MaPeriod – it influences the sensitivity of readings (default value: 5)
- MaPeriod – sets the moving average applied (simple, exponential, smoothed, linear weighted)
- Step – defines how many bars per single step (default value: 1)
Bottom line
This version of heiken ashi smoothed can be much more approachable for many forex traders. The indicator presents opportunities in the form of lines and buy sell arrows, which are very direct and easy to follow.
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