Skip to content

Heikin Ashi Lines Indicator For MT4

    The Heikin Ashi Lines indicator for Metatrader 4 is composed of two lines and delivers better trend direction with less market noise signals.

    It’s a simple market crossover trading system that fits both beginners and advanced traders.

    For short-term traders, deploy the indicator on the M5 and M15 trading charts.

    The M30, H1, H4, and daily charts fit swing traders the best.

    Key Highlights:

    • A buy and sell crossover trading indicator
    • Updated version for better future trend prediction
    • Should work on any time frame of your preference

    Test the indicator first on a demo account before running it on a live trading account.

    Free Download 

    Download the “Heikin Ashi Lines.mq4” MT4 indicator

    Indicator Example Chart

    The EUR/USD 30-min chart below shows the Heikin Ashi Lines indicator in action.

    Basic Trading Signals

    Signals from the Heikin Ashi Lines indicator for Metatrader 4 are easy to interpret and work as follows:

    BUY:

    • Open a buy trade when the yellow thick line crosses above the gray dotted line from below.
    • Add a protective stop loss below the most recent swing low.
    • Take profit when both lines cross in the opposite direction (sell trade).

    SELL:

    • Open a sell trade when the yellow thick line crosses below the gray dotted line from above.
    • Add a protective stop loss above the most recent swing high.
    • Take profit when both lines cross in the opposite direction (buy trade).

    Download This Forex Indicator

    Download the “Heikin Ashi Lines.mq4” MT4 indicator

    Adjustable Parameters & Settings

    Averaging period (standard 3.0), and more.

    Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: trading signals

    How to install the Heikin Ashi Lines indicator in Metatrader 4?

    • Copy and paste the Heikin Ashi Lines.mq4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right-click on the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button
    Share this post!