Discover the Heiken Ashi with Doji Spotter Indicator for MT4

If you're looking to sharpen your trading strategy, the Heiken Ashi with Doji Spotter indicator for MetaTrader 4 is a game changer. This tool allows you to not only visualize Heiken Ashi candles but also spot Dojis with ease, marking them in a distinct color for quick identification.

So, what’s the deal with Dojis? Simply put, if the body of the candle is less than a certain percentage of its total range, it’s considered a Doji. Typically, a Heiken Ashi Doji will have little to no body, showcasing long wicks on both ends. By default, I set the threshold to 10% of the total range, but I’ve been experimenting with a tighter setting at 4%. Feel free to adjust it to suit your trading style!