Heiken Ashi DS AwP MTF trading indicator is a modification of the popular Heiken Ashi indicator which includes MTF (multi-timeframe mode), double smoothing and additional prices.
The Heiken Ashi DS AwP MTF indicator displays the following on the chart:
- yellow line – price (3 calculations);
- the horizontal line of arrows is the pivot level of the higher timeframe.
The indicator signals are interpreted as follows:
- if the price closed above the pivot level – green arrows suggest that the trend is going up;
- if the price closed below – red arrows indicate that the trend is going down.
The Heiken Ashi DS AwP MTF trading indicator, averaging the Open / Close prices of the current and previous candlesticks, makes it very easy to visually determine the direction of the trend. And the MTF mode, double smoothing and additional price line implemented in the indicator significantly increase its efficiency compared to the original Heiken Ashi indicator.
Features of Heiken Ashi DS AwP MTF MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Heiken-Ashi-DS-AwP-MTF.zip file you will find:
- Heiken Ashi DS AwP MTF.ex4
Download Heiken Ashi DS AwP MTF MT4 indicator for free: