Free Forex Indicators (MT4), Trend Following Indicators

Heiken Ashi Exit Indicator

Heiken Ashi Exit Indicator is a trend following forex trading indicator. It is one of the most decent forex trading indicators you will ever find. It is really popular because it really works and it popular for beating the market in a consistent basis. While back testing, this indicator performed above average.

Simplicity and accuracy are the things that make Heiken Ashi Exit Indicator special than others. It is widely used to trade foreign exchange market and it is also used by commodity traders to trade gold, silver, crude oil, etc. You can also trade stocks with this indicator.

Heiken Ashi Exit Indicator Overview

Time FrameCurrency PairsName of IndicatorRatings
M5, H1, and H4Forex, commodity, and stocksHeiken Ashi Exit9.9

 When you install Heiken Ashi Exit indicator in your trading platform, your indicator should look like this:

Heiken Ashi Exit Indicator

About Heiken Ashi Exit Indicator

Heiken Ashi Exit indicator is actually a combination of a moving average and a Heiken Ashi Bars. It is like a moving average because it moves like a moving average above and below the market.

When the market is above Heiken Ashi Indicator it indicates bullish market scenario and when the market is below this indicator it indicates bearish market conditions.

If you are too lazy to analyze those things you can simply focus on the color of the indicator. Remember that trend is the most important single thing you should never ignore.

While trading with this indicator you should always be known about the prevailing market trend. You should never be trading against the trend even if the indicator generates the signal. That’s called discipline.

Heiken Ashi Exit Indicator: Buy Parameters

Heiken Ashi Exit Indicator Buy parameters
  • Market you are watching should be trending upward.
  • Market should be rising from the recent support level.
  • Heiken Indicator should turn green.
  • Execute your buy position when above parameters are met.
  • Set your stop loss below the recent swing low.
  • Take your profit when Heiken Ashi Exit indicator turns red.

You Must Read: The Best Forex Trading Strategy Ever

Heiken Ashi Exit Indicator: Sell Parameters

Heiken Ashi Exit Indicator Sell parameters
  • Market you are watching should be trending downward.
  • Market should be falling from the recent resistance level.
  • Heiken Indicator should turn red.
  • Execute your sell position when above parameters are met.
  • Set your stop loss above the recent swing high.
  • Take your profit when Heiken Ashi Exit indicator turns green.
Download Heiken Ashi Exit Indicator

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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

9 thoughts on “Heiken Ashi Exit Indicator”

  1. Hi Arun Lama,
    Wow, you are faithful for the community. I spend a lot of money for this education all go down the drain. Your information is changing my life forever and the way I use my strategy. I stop used my junk indicators. Apply your program its a revolution how I will trade.

    Bless your faithful,
    Victor

    Reply
  2. This is an excellent i ever come an crossed. where one can get paid forex indicator/strategies software free of charge.
    thanks for this great sharing.

    Reply
  3. Hi Aruna,

    Thank you for the updates, and hard work that you are doing, well appreciated.

    Been a long time follower in your twitter account.

    Reply
  4. Hi, thanks for this article.

    It seems to be very nice in very clear trend situation. What about flat/range markets in which Heiken Ashi will continuously change color?

    Reply

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