Heiken_Ashi_BARS - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator uses the analysis of Heiken Ashi opening price and Heiken Ashi closing price.
The formulas for calculating the opening and closing prices of candlesticks determine their directions for the Ashira Ken algorithm, and only these directions of Heiken Ashi candlesticks are plotted as colored bars on the price chart.
If the trend direction of the Heicken Ashi candles is in the same direction as the trend direction of the chart candles, the color of the bar is light, and if it is opposite, the bar is dark.
Figure 1. Heiken_Ashi_BARS indicator
Attachment download
📎 heiken_ashi_bars.mq5 (7.06 KB)
Source: MQL5 #2120
Heiken_Ashi_BARS - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Heiken_Ashi_BARS - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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