The Heiken Ashi MA T3 forex indicator for MT4 is a popular trend-following buy and sell signals indicator that works for any pair.
This indicator is very easy to use and trade logic goes as follows:
- A buy signal occurs when the Heiken Ashi MA T3 indicator paints a green dot below the candlestick.
- A sell signal occurs when the Heiken Ashi MA T3 indicator paints a pink dot above the candlestick.
The Heiken Ashi MA T3 can be deployed as a stand-alone buy/sell signals system and can be applied to any currency pair and time frame.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The GBP/USD 1-Hour chart below displays the Heiken Ashi MA T3 Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Heiken Ashi MA T3 MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Buy the forex pair when the Heiken Ashi MA T3 indicator paints a green dot below the candlestick. The trend is now upward.
Place a stop loss below support or use your own preferred SL method.
Sell Signal: Sell the forex pair when the Heiken Ashi MA T3 indicator paints a pink dot above the candlestick. The trend is now downward.
Place a stop loss above resistance or use your own preferred SL method.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (MA period, step, MA method, T3 hot, better formula, T3 original, dot up, dot down) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: trend signal
Copy and paste the heiken-ashi-ma-t3-new-indicator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)