The Doteki Heikin Ashi MT4, a forex trading tool, presents a dynamic version of the standard Heikin Ashi candle representation. This dynamic attribute allows for a customizable period value, a feature that sets it apart from the standard version where the EMA period is fixed at 3.0. This flexibility in the EMA period is indicative of the tool’s capacity for approximating multi-time-frame analysis, or using the low or high value as a kind of trailing stop-loss.
Key Features of Doteki Heikin Ashi MT4
One of the standout features of the Doteki Heikin Ashi MT4 is its ability to signal a change in trend direction. This is achieved when the actual Close price crosses over the Heikin Ashi open value. This tool also provides an option to use an Almost Zero-Lag EMA, an alternative to the standard EMA. This alternative EMA can detect changes in trend direction more quickly, especially when using longer periods of averaging.
Customizable Chart Options
When attaching the indicator to the chart, users have the option of automatically switching the Chart into the Line Graph Mode. Additionally, users can choose to hide the actual Close prices from the Line Graph. It’s important to note, however, that without this feature, the cross-over signals between the actual Close prices and the Heikin Ashi open values won’t be visible.
Independent Testing and Updates
For those interested in the Doteki Heikin Ashi MT4, independent testing of this product is available on the forexroboteasy.com website. By subscribing, users can also receive updates on the results of testing this product. This independent review encourages users to share their experiences using this product.
Frequently Asked Questions
What distinguishes the Doteki Heikin Ashi MT4 from the standard version?
The Doteki Heikin Ashi MT4 offers a dynamic version of the standard Heikin Ashi candle representation. Its key distinction is the flexibility it provides in changing the EMA period to any desired value, unlike the standard version where the EMA period is fixed at 3.0.
How does the Doteki Heikin Ashi MT4 signal a change in trend direction?
The tool signals a change in trend direction when the real Close price crosses over the Heikin Ashi open value. It also offers an Almost Zero-Lag EMA option, which can detect changes in trend direction more quickly.
How can I see independent testing of this product?
Independent testing of the Doteki Heikin Ashi MT4 is available on the forexroboteasy.com website. You can also subscribe to updates on the test results of this product.
This is an independent product review. Users are invited to share their experiences of using the Doteki Heikin Ashi MT4.
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