Heiken Ashi Double Smoothed MA+T3

The Heiken Ashi Ma T3 Indicator plots Heiken Ashi candles over the candlestick chart to tell the market trend. The indicator has two aspects; bullish/bearish Heiken Ashi candles and uptrend/downtrend arrows. Unlike the traditional Heiken Ashi, this indicator illustrates blue and red color candles as a moving average. The blue candle suggests bullish momentum, while the red mentions bearish momentum.

The indicator plots the uptrend (yellow) and downtrend (aqua) arrows. These arrows frequently appear on the chart and can be used as entry points.

The good thing is that indicator works on all timeframes, but using it on longer timeframes may be better to reduce market noise.

How to use the Heiken Ashi Ma T3 Indicator for MT4?

The above USD/JPY H4 chart shows the Heiken Ashi Ma T3 Indicator BUY and SELL signals.

To determine the BUY/SELL signals, you have to combine the arrows and the Heiken Ashi candles.

You can take a long position when the Heiken Ashi candles are blue, and the yellow arrow appears. Conversely, you can go short when the indicator draws red candles and there is a blue arrow.

It’s important to remember that the arrows can frequently surface on the chart, so it’s better to take positions with the long-term trend.

Conclusion

The Heiken Ashi Ma T3 Indicator for MT4 draws moving average Heiken Ashi candles along with the arrows to determine trend’s direction. By combining arrows and the candles, you can take BUY/SELL positions.

This indicator is available for free on our website.