Display Number of Consecutive Heiken Ashi Candles - MetaTrader 4 Script - MT4/MT5 Resource
Daniel Freeling
Many consecutive Heiken Ashi candles of the same color usually indicate that a serious trend reversal is about to occur. This indicator shows the number of consecutive candles of the same color. So overbought and oversold conditions are clear at a glance.
suggestion:
This indicator relies on the Heiken Ashi indicator. Just use the included Heiken Ashi indicator file, or install your own and specify its filename in the indicator settings.
Attachment download
📎HeikenAshiCount.mq4 (3.94 KB)
📎Heiken_Ashi.mq4 (3.88 KB)
Source: MQL5 #10537
Display number of consecutive Heiken Ashi candles - MetaTrader 4 script usage and filtering suggestions
Display number of consecutive Heiken Ashi candles - MetaTrader 4 script belongs to Forex indicators 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. Focus on 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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