Based on the classic Heiken Ashi indicator included in MetaTrader 5, this NoRepaint Heiken Ashi delivers exactly what its name says: faster drawing and non-repainting Heiken Ashi candles.
The difference is clearly visible, with the no repaint indicator allowing a more precise (and more often, based on the price action) color change of the Heiken Ashi candles.
The Heiken Ashi indicator settings are very simple, with only 2 options that the trader can choose from:
– enable/disable the fast generation of Heiken Ashi candles
– enable/disable the repainting option
Free download
Meredith Walton (verified owner) –
It is a reliable and accurate tool that helps me identify the trend direction and strength, as well as the optimal entry and exit points. It does not repaint the previous candles, which means it does not change the signals after they are generated. This gives me confidence and consistency in my trading decisions.