Track Consecutive Heiken Ashi Candles with This Handy MT4 Indicator

Mike 2011.12.05 19:07 46 0 0
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Author: Daniel Frieling

If you’re trading with Heiken Ashi candles, you know that when you see a string of the same color candles in a row, it often signals an impending trend reversal. This nifty indicator lets you track the number of consecutive same-color Heiken Ashi candles, making it easier to spot overbought or oversold conditions at a glance.

Check out the demo here!

Recommendations:

  • This indicator works in tandem with a Heiken Ashi Indicator. Make sure to use the included Heiken Ashi Indicator file, or you can install your own and specify its filename in the settings of this indicator.
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