Heiken Ashi is a type of Japanese candlestick charting technique that is used to identify market trends. The Heiken Ashi indicator is available in MT4 and it can be used to help traders make trading decisions based on trends.
To use the Heiken Ashi indicator in MT4, follow these steps:
1. Open the MT4 platform and select the currency pair you wish to trade.
2. Click on “Insert” in the main menu and select “Indicators”.
3. Navigate to the “Custom” tab and select “Heiken Ashi”.
4. Adjust the settings of the indicator to fit your trading style (e.g. the trading period).
5. The Heiken Ashi indicator will appear on your chart as a series of green and red bars.
6. A green bar indicates a bullish trend and a red bar indicates a bearish trend.
7. Use the Heiken Ashi bars to help identify the strength and direction of the trend and make informed trading decisions.
In summary, the Heiken Ashi indicator is a useful tool for traders who wish to identify market trends and make informed trading decisions. It can be easily added to any MT4 chart and customized to fit the trader’s individual needs and trading style.