Heiken Ashi System
From the Old Kings archive: Heiken Ashi System, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Heiken Ashi candles. In the code it works with RSI and ATR. It can send alerts. It has 40 settings, for example ATRPeriod (default 14), Multiplier (default 2.0) and display (default 0). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 14 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 Heiken Ashi System
Heiken Ashi System is an indicator for MetaTrader 4 based on RSI and ATR. It can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Atr period, Multiplier and Display. MQL source code included.
Files in the download: indicators\atr_value_indicator.ex4, indicators\atr_value_indicator.mq4, indicators\CurrencyStrengthAlerts (2).ex4, indicators\CurrencyStrengthAlerts (2).mq4, indicators\Heiken A +.ex4, indicators\pipsometer_5_decimal.ex4, indicators\pipsometer_5_decimal.mq4, indicators\Sessions.ex4 ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Atr period | 14 | Period or timeframe used by the calculation |
| Multiplier | 2.0 | How much the lot size grows after a loss |
| Display | 0 | |
| Label color | clrRed | Colour on the chart |
| Font size | 10 | |
| Strong currency | EUR | |
| Strength limit | 6 | |
| Weak currency | USD | |
| Weakness limit | 3 | |
| Send email | 0 | Turn this alert on or off |
| Send notifications | 0 | Turn this alert on or off |
| Alerts | 0 | Turn this alert on or off |
| Alert sound | alert.wav | Turn this alert on or off |
| Screen shots | 0 | |
| Alerts interval minutes | 1 | Turn this alert on or off |
| Font type | Courier New | |
| Font size | 20 | |
| Panel corner | CORNER_LEFT_UPPER | |
| Horiz pos | 10 | |
| Vert pos | 25 | |
| Vert spacing | 25 | |
| Refresh interval minutes | 0 | |
| Color1 | clrRed | Colour on the chart |
| Level1 | 7.0 | |
| Color2 | clrOrange | Colour on the chart |
| Level2 | 5.0 | |
| Color3 | clrYellow | Colour on the chart |
| Level3 | 2.0 | |
| Color4 | clrDodgerBlue | Colour on the chart |
| Level4 | 0.0 | |
| Color1 | Green | Colour on the chart |
| Color2 | LightSteelBlue | Colour on the chart |
| All symbols | false | |
| Corner | 2 | |
| Number of days | 99 | |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 10:00 | |
| Asia color | C'0,32,0' | Colour on the chart |
| Eur begin | 08:00 | Hour when trading starts (server time) |
| Eur end | 18:00 |
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 · RSI · ATR · MT4 Indicator · MQL4 Source Code