Forex Heiken Ashi Distance Trading Strategy
Forex Heiken Ashi Distance Trading Strategy is an indicator for MetaTrader 4 from the Old Kings collection. Its name points to Heiken Ashi candles. Its source code uses moving averages. It can send alerts and can read another timeframe. It has 16 settings, for example Time Frame (default current time frame), Half Length (default 35) and Price (default PRICE_CLOSE). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 8 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Heiken Ashi Distance Trading Strategy
Forex Heiken Ashi Distance Trading Strategy is an indicator for MetaTrader 4 based on Moving Average. It can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 16 settings, such as Time frame, Half length and Price. MQL source code included.
Files in the download: Forex Distance.ex4, Forex Distance.mq4, Forex Trade.ex4, Forex Trade.mq4, Heiken Ashi.ex4, installation manual.txt, Line Ask Bid.ex4, Spread Time.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Time frame | current time frame | Period or timeframe used by the calculation |
| Half length | 35 | |
| Price | PRICE_CLOSE | |
| Envelope shift | 0 | Bar shift (0 = current bar) |
| Deviation | 0.35 | |
| Alerts on | false | Turn this alert on or off |
| Alerts on current | false | Turn this alert on or off |
| Alerts message | false | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
| Soundfile | news.wav | Turn this alert on or off |
| N period | 9 | Period or timeframe used by the calculation |
| Factor 1 | 0.6666666 | |
| Factor 2 | 0.3333333 | |
| Clock color | Yellow | Colour on the chart |
| Corner | 3 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Heiken Ashi · Alerts · Multi-Timeframe (MTF) · Moving Average · MT4 Indicator · MQL4 Source Code