Projectreaper Heiken Ashi MT4 – Free Smooth Trend Indicator

Sick of noisy price action that leaves you guessing direction? Say hello to the Projectreaper Heiken Ashi Indicator MT4, a 100% free ForexFactory indicator that smooths out candlesticks and highlights true market trends. Whether you’re a day trader staring at charts all day or a swing trader hunting for turnarounds, this MT4 tool helps you cut through the noise—no more whipsaws or repainting headaches. Built and rigorously tested by the YoForex team, it’s been deployed on live accounts worldwide with zero cost and lifetime updates. In this blog, we’ll cover what makes it tick, walk through live‐signal examples, show you how to install it in minutes, and explain why YoForex‐powered tools give you an edge. Ready to trade cleaner? Let’s dive in.

Overview

The Projectreaper Heiken Ashi Indicator MT4 transforms standard candlesticks into Heiken Ashi bars, applying adaptive smoothing to filter out random spikes. Unlike vanilla HA indicators, this version incorporates a volatility filter that dynamically adjusts smoothing based on recent ATR readings—so large candles don’t get washed out, and small ones don’t trigger false signals. YoForex’s quant team ran this on six months of live XAUUSD and EURUSD data to fine-tune parameters. The result is crisp green bars on uptrends, red on downtrends, plus optional arrow alerts when a color flip occurs. It’s simple, clear, and built to blend seamlessly with other strategies. Want more indicators? Check out our Indicator section or peek at the Newest Indicators for fresh tools.

Key Features

• Adaptive smoothing based on ATR
• Clear Heiken Ashi color flips for trend entries/exits
• Customizable period (default 14) and ATR multiplier
• Optional arrow alerts on new trend bars
• Works on all symbols & timeframes (M1–D1)
• Lightweight code—no MT4 slowdowns
• Non-repainting once a bar closes
• Alerts via email/push on signal
• Built-in histogram showing strength of move
• Lifetime free updates courtesy of YoForex

Signal Examples & Performance

Installation & Setup

Download the indicator from ForexFactory.cc:
https://www.forexfactory.cc/showthread.php?t=241123-Projectreaper-Heiken-Ashi-Indicator-MT4

Copy ProjectreaperHeikenAshi.ex4 into your MT4 /MQL4/Indicators folder.

Restart MT4 or hit Refresh in the Navigator panel.

Drag & drop the indicator onto any chart (XAUUSD, EURUSD, etc.).

Adjust Inputs:

Period (default 14)

ATR Multiplier (default 1.5)

Enable Arrow Alerts (true/false)

Histogram On/Off

Click OK and watch your chart auto-smooth.

Why Choose YoForex‐Powered Tools?

YoForex isn’t just slapping logos on freebies. We’re a crew of quants, coders, and traders obsessed with full transparency, lifetime free updates, and continuous optimization. Every tool on ForexFactory is back-tested in public, then deployed live by our own team. No upsells, no paywalls—just solid indicators and EAs that actually work. See our story on About Us or explore our ForexFactory profile for proof.

Support & Disclaimer

Need a hand? Ping us on WhatsApp or hop into our Telegram group for real-time support. We aim to reply within 24 hours.

Disclaimer: Indicators are for educational purposes only. Past performance doesn’t guarantee future results. Always demo-test before going live and manage your risk responsibly.

Call to Action

Ready to filter out the noise and trade the trend with confidence? Download the Projectreaper Heiken Ashi Indicator MT4 now on ForexFactory.cc, load it on your chart, and experience cleaner signals today. Remember—free lifetime updates and unlimited support, so there’s zero downside in giving it a spin.