Last Updated on June 5, 2025 by Tim Morris
The indicator uses analysis of values of Heiken Ashi Open and Heiken Ashi Close.
Candlestick opening and closing values are calculated by Heiken Ashi algorithm, their directions are determined and only these directions of Heiken Ashi candlesticks are drawn on a price chart as colored bars.
If the direction of trend of the Heicken Ashi candlesticks and of chart candlesticks match, the color of the bar is light, if opposite, the bar is dark.
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
- Exclusive 90% VIP Cash Rebates for all Trades!Â
Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90
(Free MT5 Indicators Download)
Enter Your Email Address below, download link will be sent to you.
Get Download Link