Another version of the default Heikin-Ashi candlestick indicator for MT4.
An excellent tool to trade high volatile currency pairs such as the GBP/JPY because of the smoothing factor.
This helps trader to reduce the amount of false signals.
Download
Download the Heikin-Ashi Smoothed.mq4 indicator
EUR/USD Daily Chart Example
How to install the Heikin-Ashi Smoothed Candlestick custom indicator in Metatrader 4?
- Download the Heikin-Ashi Smoothed.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.