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Heikin Ashi Candle Indicator
HeikinAshi Candle is a MetaTrader indicator, used to determine market trends on Forex charts. Filters buy-sell signals and spots key price target zones
CATEGORIES: TREND, MT4, SIGNAL, INFORMATIONAL
Updated on: 30.11.2023
The Heikin Ashi Candle has been created as a technical trend trading indicator for MetaTrader 4 users. This indicator makes the use of the popular trend indicator “Heikin Ashi” more convenient for newbie traders.
Besides, forex currency pairs, Heikin Ashi Candle is also capable to generate correct trend signals on stock, commodities, and crypto charts. This indicator appears as a suitable tool for analyzing market trends on MTF charts. Traders can apply it on any timeframes from 1-minute to daily charts of the MT4 platforms. Therefore, you can focus on both scalping and intraday trading at the same time by using a single trend indicator.
Furthermore, this indicator delivers real-time trend signals that help you to assess potential buy-sell setups at the key swing areas of the price. As a result, it lets you focus on breakouts and swing trading opportunities even in a range-bound market situation. According to our review, it works well as a solo indicator but can be added to any trend-based forex trading strategy for upgrading trading plans.
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