Heiken Ashi Smoothed Alert (MT4) - Free Download - Best Forex Indicators

Introduction to the Heiken Ashi Smoothed Alert Indicator

The Heiken Ashi Smoothed Alert Indicator is, as the name suggests, just a variation of the standard Heiken Ashi Smoothed but it additionally gives alerts when the trend is changing.

You will get notifications: CandleDir changed to LONG or CandleDir changed to SHORT.

The indicator is displayed directly on the main trading chart.

It fits all kinds of timeframes and currency pairs.

The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to set up the Heiken Ashi Smoothed Alert indicator in MT4?

Installation Guide

Copy and paste the heiken-ashi-smoothed-alert.mq4 or heiken-ashi-smoothed-alert.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, that goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Heiken Ashi Smoothed Alert indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.