Heiken Ashi Histogram
Free MT4 Indicator
Description
This indicator displays the color of the Heiken Ashi candles and the rate of immediate change on an histogram, with a moving average that represents the average change. If Heiken Ashi bars suddenly change colors and the new bar is above the moving average, it is likely that the change is very strong.
The moving average can also used to detect range-bound markets and can be a good add-on to your trend following or short-term trading strategy.
This indicator is a slight variation of the Heiken Ashi Oscillator.
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