Heikin Ashi Lines Indicator For MT4


The Heikin Ashi Lines indicator for Metatrader 4 is composed of two lines and delivers better trend direction with less market noise signals.

It’s a simple market crossover trading system that fits both beginners and advanced traders.

For short-term traders, deploy the indicator on the M5 and M15 trading charts.

The M30, H1, H4, and daily charts fit swing traders the best.

Key Highlights:

  • A buy and sell crossover trading indicator
  • Updated version for better future trend prediction
  • Should work on any time frame of your preference

Test the indicator first on a demo account before running it on a live trading account.

Free Download 

Download the “Heikin Ashi Lines.mq4” MT4 indicator

Indicator Example Chart

The EUR/USD 30-min chart below shows the Heikin Ashi Lines indicator in action.

Basic Trading Signals

Signals from the Heikin Ashi Lines indicator for Metatrader 4 are easy to interpret and work as follows:

BUY:

  • Open a buy trade when the yellow thick line crosses above the gray dotted line from below.
  • Add a protective stop loss below the most recent swing low.
  • Take profit when both lines cross in the opposite direction (sell trade).

SELL:

  • Open a sell trade when the yellow thick line crosses below the gray dotted line from above.
  • Add a protective stop loss above the most recent swing high.
  • Take profit when both lines cross in the opposite direction (buy trade).

Download This Forex Indicator

Download the “Heikin Ashi Lines.mq4” MT4 indicator

Adjustable Parameters & Settings

Averaging period (standard 3.0), and more.

Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.

More Info About This Indicator

Currency Pairs: works on any currency pair

Trading Platform: developed for Metatrader 4 (MT4)

Time Frames: works on any time frame

Indicator Type: trading signals

How to install the Heikin Ashi Lines indicator in Metatrader 4?

  • Copy and paste the Heikin Ashi Lines.mq4 indicator into the MQL4 indicators folder.
  • You can access this folder from the top menu as follows:
  • File > Open Data Folder > MQL4 > Indicators (paste here)

How to remove the indicator from the chart?

  • Right-click on the chart
  • Select indicators list
  • Click on the indicator’s name
  • Click on the delete button



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