Enter a short position the moment a Heikin Ashi RSI candle turns red and falls back below the 50 level .
Wait for the oscillator to dip below the 30 level (oversold). Enter a buy trade when the oscillator candles turn from bearish (red) to bullish (green).
The standard RSI uses the chart's price. This indicator first calculates the Heikin Ashi values:
The is a powerful, custom technical analysis tool that blends the trend-smoothing capabilities of Heikin Ashi candles with the momentum-measuring power of the Relative Strength Index (RSI). heikin ashi rsi oscillator mt4
The market is in a downtrend, but the Heikin Ashi RSI pulls up above the 70-level (overbought). Wait for the indicator to turn red and cross back down below the 70-level to enter a sell trade. Tips for Success
extern int RSI_Period = 14; extern int Signal_Period = 3; extern double Overbought = 70.0; extern double Oversold = 30.0; extern bool AlertOnCross = true; extern bool AlertOnDivergence = false;
Do you prefer to trade or market reversals ? Enter a short position the moment a Heikin
Identify a strong, existing trend (e.g., RSI is consistently above 50).
The indicator crosses below 0 and stays red. 3. Overbought/Oversold Extremes
The indicator performs best on the 1-hour (H1), 4-hour (H4), and Daily (D1) charts where market noise is naturally lower. If you want to customize your setup, let me know: The standard RSI uses the chart's price
Can be used for trend following, reversals, and spotting extreme momentum levels.
When the Heikin Ashi RSI candles cross above the 50 line and remain green, it confirms a strong macro uptrend.
While the default settings are robust, you can adjust them in the indicator input tab:
🔍 Search for “Heikin Ashi RSI oscillator MT4” on sites like MQL5 Community or TradingView (converted scripts).
Standard RSI can generate signals that disappear within bars. The HARSI's smoothing mechanism filters out these whipsaws. A signal that appears as a clear candle formation is more likely to represent genuine momentum shifts rather than temporary market fluctuations.