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Heiken Ashi Candle Alert

Get alerts on the appearance of consecutive same colored Heiken Ashi candles using the Heiken Ashi Candle Count Alert MT4 Indicator. Use the alerts to confirm the trend and avoid choppy forex market conditions. Download and install the indicator for FREE and improve you Heiken Ashi forex trading performance.

 

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Description

The Heiken Ashi Candle Count Alert MT4 indicator provides alerts if consecutive bullish or bearish candles are formed. It is an essential trading tool for forex traders using Heiken Ashi in technical analysis or trading strategies.

Features of Heiken Ashi Candle Count Alert MT4 Indicator

The indicator changes the color of bearish Heiken Ashi candles to brown and bullish candlesticks to green. This helps traders to visually identify the forex market trend direction. Generally, a change in the color of Heiken Ashi candles indicates a trend reversal. But, traders use multiple methods to confirm this trend reversal before entering a trade.

One such method of reversal confirmation is to wait for a series of same color candlesticks to appear. For instance, if 3 consecutive Heiken Ashi bullish candlesticks appear it indicates the potential uptrend. Similarly forex technical traders may consider 3 consecutive bearish Heiken Ashi candles to signal the beginning of a potential downtrend.

So, traders can use this indicator to get alerts if consecutive same color candles appear in the price chart.

Benefits of Heiken Ashi Candle Count Alert MT4 Indicator

The main purpose of this indicator is to provide alerts upon the appearance of consecutive same color Heiken Ashi candles as in the input settings. Though it does not provide buy or sell forex trading signals, it helps to identify the possible trend.

In order to benefit from the alert function new traders should understand the Heiken Ashi candles and their potential application in technical analysis. This indicator works well in all intraday as well as the daily, weekly and monthly price charts.

Indicator Settings Description

color1:, color2:, color3:, color4: Heiken Ashi candle color settings.

Turn alerts on?, Alerts on current (still opened) bar?, Alerts on nth consecutive same bar, Alerts message?, Alerts sound?, Alerts email?, Alerts push notification?: Alert settings.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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