The above GBP/USD H4 chart shows BUY and SELL signals with the indicator.
This indicator indicates the bearish and bullish trend by drawing up bars. These bars represent the overall market sentiment.
The indicator works like a normal candlestick chart. It paints the layering of green and red bars to tell forex traders about the market moves.
The indicator’s Moving Average filters the false signals and presents exact entry and exit points.
One can also use the indicator for detecting market reversals. Traders can exit their long or short positions whenever the indicator changes its color.
How do I trade Heiken Ashi Smoothed indicator?
Whenever this indicator plots red bars, you go short. Conversely, when the indicator draws green bars, you go long.
How reliable is Heiken Ashi?
The Heiken Ashi Smoothed is a reliable indicator that presents accurate BUY and SELL signals.
