Heiken Ashi Forex Indicator

Heiken Ashi is good trend indicator. It helps forex traders to identify trend and make profitable trades. However this indicator should be used with some other leading indicator. Heiken Ashi indicator uses the following formula

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)


Trading Rules:

1.     Buy on green
2.     Sell on red


Download :    Heiken Ashi Indicator

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