Heikin Ashi Dashboard

In the complex world of forex trading, having the right tools can be the difference between success and failure. The Heikin Ashi Dashboard, a multi-currency Forex trading software, is one such tool. This unbiased review aims to provide an in-depth overview of this software, its features, and how it can aid in Forex market analysis.

Heikin Ashi Dashboard: A Glimpse into its Functionality

The Heikin Ashi Dashboard is a unique multi-currency and multi-timeframe indicator. It provides traders with a visual representation of the current state of the market. The scanner panel displays the direction, strength, and number of bars of the ongoing trend. Moreover, it identifies consolidation/reversal candles (dojis) using color-coding, giving traders a clear picture of potential market shifts.

One remarkable feature about this Forex trading software is its customization capabilities. Users can specify any desired currencies and periods in the parameters. This flexibility allows traders to focus on the specific currency pairs and timeframes they are interested in.

The Heikin Ashi Indicator: A Brief Overview

The Heikin Ashi indicator, which translates to “average pace” in Japanese, is a central component of this dashboard. Unlike traditional candlestick charts that track every price movement, Heikin Ashi charts provide a smoother, more digestible representation by tracking a range of price movements. This characteristic makes them a valuable tool for predicting price movements and developing effective currency trading strategies.

Dashboard Parameters: An In-depth Look

The Heikin Ashi Dashboard comes with a variety of parameters that users can adjust to their trading needs. These parameters include the selection of the averaging method for smoothing candle prices, the period for smoothing, and the option to ignore the current (not closed) candle. Users can also choose to display Heikin Ashi candles on the current chart and show consolidation/reversal candles (doji).

Further customization options include setting the size of the candle body as a percentage relative to the size of the entire candle, and the length of the upper and lower wicks in relation to the size of the whole candle. These settings provide traders with greater control over their market analysis, enabling them to tailor the dashboard to their specific trading style and preferences.

Additional Features: Notifications and Hotkeys

An additional feature worth mentioning is the software’s ability to send notifications when the trend changes or when reversal and consolidation candles appear. This feature keeps traders updated about potential market shifts, even when they are not actively monitoring the dashboard. The software also includes hotkeys for showing or hiding the Heikin Ashi candles and the dashboard, further enhancing the user’s experience.

FAQs

Where can I find independent testing of the Heikin Ashi Dashboard?
Independent testing of the Heikin Ashi Dashboard can be found on the forexroboteasy.com website.

Can I subscribe to updates on the testing results of this product?
Yes, you can subscribe to updates on the results of testing this product on the aforementioned website.

Can I share my experience of using this product?
Definitely! Sharing your experience of using this product will be beneficial for other potential users and the community at large.

In conclusion, the Heikin Ashi Dashboard appears to be a comprehensive forex trading tool that offers a plethora of features and customization options. It provides traders with an in-depth view of the market, helping them make informed trading decisions. However, as with any trading tool, it is crucial to fully understand its functionalities before using it in live trading. This unbiased review aims to provide potential users with a thorough understanding of what to expect from this software.