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In this video, we conduct a simple review of how we would trade the Heiken Ashi Smoothed MT4 indicator

In the Video above, the silver moving line is the price. The blue and red indicators are the Heiken Ashi bars. Blue indicates bullish momentum, while red indicates bearish momentum.

This indicator will probably work well in combination with another indicator. It reduces “fake-outs” and fake reversals while keeping you in trends with momentum indicated by the color of the bars.

Heikin Ashi is a type of trading chart that originated in Japan (heikin ashi translates as average bar). Heikin Ashi charts are similar to candlestick and bar charts in that they show similar information (the open, high, low, and close of the time frame), but Heikin Ashi charts calculate the information differently.

Heikin Ashi charts are used in trading in the same manner as standard candlestick or bar charts (i.e. chart patterns are used to indicate price movements). However, Heikin Ashi charts have an additional aspect in that the direction of the bar (i.e. its color for candlesticks) is supposed to indicate the overall direction of the market, while ignoring the intermediate direction (e.g. false changes of direction).

Heikin Ashi charts calculate their own open (HAO), high (HAH), low (HAL), and close (HAC), using the actual open (O), high (H), low (L), and close (C), of the time frame (e.g. the open, high, low, and close, of each five minutes).

Calculation:
HAO = (HAO-1 + HAC-1) / 2
HAC = (O + H + L + C) / 4
HAH = Highest(H, HAO, HAC)
HAL = Lowest(L, HAO, HAC)

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Heiken Parabolic Trading System is on this post; template to be used is on this post; indicators are here and here.

Heiken Parabolic Trading System is on this thread.

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AllStochastics_v4.1 600+ is on this post. This is bug fixed version working with Metatrader 4 build 600 and above.

- Heiken Parabolic Trading System improved by Digital filters - separate indicator is on this post. Digital filters - separate 600+ indicator is here (this version works with Metatrader 4 build 600 and above)

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- AllHeiken-Ashi trend first version is on this post.
- AllHeiken-Ashi trend second version is on this post.

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Kuasa Forex signal Trading System updated is on this post.
Kuasa Forex signal Trading System improved by dremorah is on this post.