The Best Heiken Ashi System 3
From the Old Kings archive: The Best Heiken Ashi System 3, an indicator for MetaTrader 4. As the name suggests, the idea behind it is Heiken Ashi candles. In the code it works with moving averages. It has 40 settings, for example TURN OFF (default false), SHOW CURRENCIES (default true) and SHOW CHART PAIR (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 6 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 The Best Heiken Ashi System 3
The Best Heiken Ashi System 3 is an indicator for MetaTrader 4 based on Moving Average. It has 40 settings, such as Turn off, Show currencies and Show chart pair. MQL source code included.
Files in the download: Currency Strength Giraia 28 pairs TRO MODIFIED.ex4, Currency Strength Giraia 28 pairs TRO MODIFIED.mq4, FREE TRADING SYSTEMS AND INDICATORS.url, Heiken_Ashi_Smoothed.mq4, PivotsD_v5 (Black).ex4, PivotsD_v5 (Black).mq4, The Best HA System.tpl, VQzz2.ex4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Turn off | false | TRO |
| Show currencies | true | TRO |
| Show chart pair | true | TRO |
| Show comment | false | TRO |
| My corner | 1 | TRO |
| Missing pairs | To have 28 pairs, these must be added: | |
| Font name | Calibri | Courier New"; |
| Font size | 16 | |
| Horiz pos | 50 | |
| Vert pos | 3 | |
| Vert spacing | 20 | |
| Refresh every x mins | 0 | |
| Color1 | MediumVioletRed | Colour on the chart |
| Level1 | 7.0 | |
| Color2 | DarkGreen | Colour on the chart |
| Level2 | 5.0 | |
| Color3 | Blue | Colour on the chart |
| Level3 | 2.9 | |
| Color4 | Red | Colour on the chart |
| Level4 | 0.0 | |
| Show no of pairs | false | |
| Sort descending | true | |
| Ma metod | 2 | |
| Ma period | 4 | Period or timeframe used by the calculation |
| Ma metod2 | 2 | |
| Ma period2 | 1 | Number of bars in the calculation |
| Indicator on | TRUE | |
| Use for forex | TRUE | |
| Use day formula | TRUE | |
| Exit period choices | M1, M5, M15, M30, H1, H4, D1 | Number of bars in the calculation |
| Exit if period greater than | H1 | Number of bars in the calculation |
| _ | ||
| Part 1 | Day Candle & Session Box Settings: | |
| Show day candle | TRUE | |
| Shift day candle right | 49 | Bar shift (0 = current bar) |
| Show today box | TRUE | |
| Today box color | C'0x1E,0x21,0x24' | Colour on the chart |
| Show yesterday box | TRUE | |
| Yesterday box color | C'0x14,0x12,0x29' | Colour on the chart |
| __ |
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 · Moving Average · MT4 Indicator · MQL4 Source Code