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Heiken Ashi is a commonly used indicator that helps traders to arrive at the appropriate price movement. The Zone Trade is an easy-to-follow indicator on MT4 that is often used by beginners rather than with professional trading firms.
The Heiken Ashi is one way to help spot trends better.
The indicator has 3 bars: bearish, bullish, and neutral. A bullish trend will draw a blue bar while a bearish trend will draw a red bar. The grey bar states that they are “neutral”
The market volume indicator is designed to show overall market sentiment and can be useful for anyone who wants to invest in a certain sector or stock.
If traders are acquainted with candlestick patterns, it can be easy for them to understand this Heiken Ashi Indicator. It shows BUY and SELL signals so that you can take action if you see the right patterns on your chart.
To see an uptrend, the indicator should display blue bars when it is plotted. The opposite is true for a downtrend, which results in red bars. For short-term traders, these two indicators are absolute predictors of market action.
Which indicator works best with Heiken Ashi?
Parabolic SAR works best as a lagging indicator. Moving Averages would be a good choice of indicator to follow.
Conclusion
MT4’s simple indicator for trend direction automatically provides a buy or sell signal with the Bullish, Bearish, or Neutral bars shown. This makes it easy to use and set up for any strategy you want.
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