Forex Indicator

Love Trading Buy/Sell Arrow Signals? Try This!

If you do a google search you will often see the question “what is the best forex indicator” there is? In my mind its quite simple to answer.

For me the forex pairs are trending markets, although the price action within that trend could be quite choppy. This, in my opinion, is where the opportunity to trade is.

Below is a 4 hour GDP/USD chart with what I consider probably one of the best trending indicator sand thus the best forex indicator; the heiken ashi indicator.

Forex Indicator

This indicator has be discussed before in this TTM Trend article but you can clearly see why its such a great indicator on trending markets.

This heiken ashi indicator was set to MA method (3) and MA period (12). I also put on a hull moving average and stochastic just to show how you can build a system around this forex indicator.

There are many ways to trade this. Take blue single trades when above the hull ma. Or you could wait for a retrace to the Hull Ma in order to buy/sell in the direction of the heiken ashi indicator. Or you could just trade the changes between red and blue on the forex heiken ashi indicator. But as a stand alone forex indicator I think the heiken ash indicator can not be beaten in my opinion.

If you have a better forex indicator you would like to discuss please leave a comment.

You can download the indicator here:-

Heiken Ashi For Ninjatrader

Heiken Ashi For Mt4

6 Responses

  1. Bob says:

    Is it possible for some expert out there to put in red/green arrows to the top/bottom of the candles as they change directions. It’ll make it easier to spot the entries and exits. Thanks.

  2. Jason says:

    I am not a programmer so I can’t do it. But will look into it. However if you switch to line mode you will see the changes a bit easier. Alternatively you could try TTM trend which is similar and paints the bar itself and thus is easier to see.

  3. Leigh says:

    Are the settings in this picture for the stochastic 9, 3, 9 ?? A brilliant website , thank you

  4. Jason says:

    yes that is correct.

  5. Jason says:

    Glad you like the site.

  6. I love the way your post has ignited a fresh pashion inside myself for trading.

Free Trading Systems. Metatrader Indicators.Expert Advisors.Forex Forum. Privacy Policy    
© 2009-2010 Great Trading Systems. All rights reserved.