The indicator uses analysis of values of Heiken Ashi Open and Heiken Ashi Close.
Candlestick opening and closing values are calculated by Heiken Ashi algorithm, their directions are determined and only these directions of Heiken Ashi candlesticks are drawn on a price chart as colored bars.
If the direction of trend of the Heicken Ashi candlesticks and of chart candlesticks match, the color of the bar is light, if opposite, the bar is dark.
MT5 Indicator – Download Instructions
Heiken Ashi BARS is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Heiken Ashi BARS provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Heiken Ashi BARS.mq5?
- Download Heiken Ashi BARS.mq5
- Copy Heiken Ashi BARS.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Heiken Ashi BARS.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Heiken Ashi BARS.mq5 is available on your Chart
How to remove Heiken Ashi BARS.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: