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Heikin-Ashi Candlestick Bars Indicator

The Heikin-Ashi candlestick indicator displayed as green and red bars in a sub-window below the main MT4 trading chart.

A green bar is considered to be a bullish Heikin-Ashi candlestick. A red bar is considered to be a bearish Heikin-Ashi candlestick.

The indicator can be used on all pairs and time frames.

Trading Signals

Green bar: bullish

Red bar: bearish

Tip: Combine the Heikin-Ashi bar indicator with other analysis tools and indicators to built a complete Forex trading system.

Indicator Preferences

Currency pairs: any

Time frames: any

Trading sessions: any


Download the Heiken Ashi_SWAlert.mq4 indicator.

Configurable Indicator Options

Colors, sound alert mode

Example: EUR/USD 4-Hour Chart


How to install the Heikin-Ashi Candlestick Bars custom indicator in Metatrader 4?

  • Download the Heiken Ashi_SWAlert.mq4 indicator to your computer.
  • Open your Metatrader 4 platform.
  • Open the data folder from the top menu.
  • Open the MQL4 folder.
  • Open the indicators folder.
  • Paste the indicator file in this folder.
  • Restart the trading platform.
  • Open any trading chart.
  • Attach the indicator to the chart.