The Heikin-Ashi Candlestick Oscillator V2 indicator is a popular and useful tool for traders in the Forex market. This free indicator is available for the MT4 platform and is designed to provide an easy-to-read visual representation of market trends. The indicator works by plotting a series of candlesticks that are calculated from the open, high, low, and close values of the current period. The Heikin-Ashi Candlestick Oscillator V2 is designed to help traders identify potential buy and sell signals and can be used in a variety of ways to determine short-term and long-term trends. The Heikin-Ashi Candlestick Oscillator V2 plots two lines on the chart that represent the current trend. The main line is the Heikin-Ashi Candlestick Oscillator (HCAO) and the second line is the Heikin-Ashi Candlestick Oscillator Signal (HCAOS). The HCAO is a moving average of the current period’s price action and the HCAOS is a signal line that is calculated using a formula based on the HCAO. The HCAO and HCAOS lines are used to identify potential buy and sell signals. The Heikin-Ashi Candlestick Oscillator V2 is a powerful tool for traders in the Forex market and can be used to identify potential buy and sell signals and identify overbought and oversold conditions.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Heikin-Ashi-Candlestick-Oscillator-V2-Indicator-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Heikin-Ashi-Candlestick-Oscillator-V2-Indicator-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Heikin-Ashi-Candlestick-Oscillator-V2-Indicator-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Heikin-Ashi-Candlestick-Oscillator-V2-Indicator-screenshot-3-230x144.png)
Heikin Ashi Candlestick Oscillator V2
The Heikin-Ashi Candlestick Oscillator is a popular and free Forex indicator for MetaTrader 4 (MT4) that is useful in analysing the trend of the market. The Heikin-Ashi Candlestick Oscillator is designed to provide traders with a visual representation of the trend in the market. The indicator plots two lines, one representing the trend of the market and the other representing the oscillation of the market. The trend line is calculated using the Heikin-Ashi technique while the oscillation line is calculated using the Relative Strength Index (RSI). The Heikin-Ashi Candlestick Oscillator is a great tool for traders to use to identify the trend and then to enter or exit the market accordingly.
Trading Style | , |
---|---|
Indicator Type | |
Timeframe | , , |
Platform |
0
People watching this product now!
Category: Stochastic
Downloads - 21
Description
Reviews (0)
Be the first to review “Heikin Ashi Candlestick Oscillator V2” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Woodies CCI Arrows Oscillator
The Woodies CCI Arrows Oscillator Indicator is a popular MT4 technical analysis tool used by forex traders to identify trends and potential entry and exit points wich based on the Woodies CCI system, which helps traders to identify when a trend is strong and when it may be weakening. The arrows on the indicator show when the price is moving in a particular direction, and the oscillator provides additional confirmation of the trend's strength. The Woodies CCI Arrows Oscillator Indicator is a valuable addition to any trader's toolkit, and it can help traders make better-informed trading decisions.
TRIX Indicator
The TRIX indicator is a new and popular technical analysis tool designed for the forex market wich available for free on the MT4 platform. TRIX uses triple exponential smoothing to identify trends and provide buy/sell signals based on crossovers and divergences. The indicator also helps traders identify overbought and oversold conditions, which can be used to make informed trading decisions. With its accuracy and simplicity, the TRIX indicator is quickly gaining popularity among forex traders.
ROC Indicator
The ROC Indicator is a popular and useful Forex indicator for MT4 that is free to download. It is used to measure the rate of change in price movements over a given time period. The indicator is useful for traders as it can help identify when a price is overbought or oversold, and when a trend is reversing. The ROC Indicator is a popular and useful tool for traders who want to make informed decisions about their trading strategies.
3 Color MACD
The 3 Color MACD Indicator is a useful forex trading tool that is available for free on MT4. This popular indicator uses Moving Average Convergence Divergence (MACD) to help traders identify market trends and potential entry/exit points. The indicator is easy to use and can be applied to any currency pair or timeframe. It is ideal for both novice and experienced traders who want to enhance their trading strategy with a reliable technical indicator.
Qualitative Quantitative Estimation
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
CCI Divergence
The CCI Divergence Indicator for MT4 is a useful and popular free Forex indicator. It is used to identify potential reversals in the market by looking for divergences between price and the Commodity Channel Index (CCI). The indicator uses the CCI to determine when the market is overbought or oversold and when the trend is likely to reverse. It will then plot a divergence line on the chart to indicate potential reversal points. The CCI Divergence Indicator for MT4 is a great tool for traders of all levels and can be used to help traders make more informed decisions.
Reviews
There are no reviews yet.