Download Heikin Ashi and Smoothed Heikin Ashi Indicator and Template for MetaTrader

It seems forex traders and also stock traders look for Heikin Ashi and smoothed heikin ashi more and more everyday. Maybe because they eliminate a lot of noise and show a clearer and sharper direction. We have an article about Heikin Ashi and the way you can use it in your trades here: What Is Heikin-Ashi and How to Trade with It?

In this article we are helping you have the Heikin Ashi or the Smoothed Heikin Ashi on your MT4 platform easily. MetaTrader already has Heikin Ashi that can be easily added to the price chart but it has some problems:

The problem is that it covers the candlestick and so you can not see either the candlesticks or Heikin Ashi properly:

You can see the Heikin Ashi properly by changing the colors and making the candlestick chart invisible. Here we are helping you to have clear and proper the Heikin Ashi chart in a few easy steps and without having to change the colors.  We have already done it for you.

Place the below file in the indicators folder (e.g. C:\Program Files\Broker Name\experts\indicators\):

Note: To save the files on your computer hard disk, just right click on the below links and click on “Save target as …” and then “Save”. Do not change the files name: Ashi.ex4

Then put the below file in the templates folder (e.g. C:\Program Files\Broker Name\templates\): ashi.tpl

Now close your MetaTrader and restart it. Then right click on the price chart and choose the Heikin Ashi from the templates.

You will have the below chart then. You can add any other indicator to it and also use it with any time frame.

The above chart is the ordinary Heikin Ashi but we also have another kind of Heikin Ashi which is called Smoothed Heikin Ashi. It is slower than the ordinary Heikin Ashi and eliminates a lot of noise. For me it is too slow and so I don’t use it. It works like a 10 or 20 moving average. You can try it and see if it works for you.

To have the Smoothed Heikin Ashi chart make sure that the below file are place in the indicators folder (e.g. C:\Program Files\Broker Name\experts\indicators\ folder): Ashi Smoothed.ex4

Also place the below file in the templates folder (e.g. C:\Program Files\Broker Name\templates\ ) and then restart your MetaTrader: heikin ashi.tpl

Now open a new chart, right click on it and choose the Smoothed Heikin Ashi from the templates list. You should have the below chart then. The green line is the price line. You can make it invisible by changing its color to black but I think you’d better to keep it to know the difference of the real price movements and what the Smoothed Heikin Ashi shows you.


Published by

LuckScout Team

"Whether you think you can, or you think you cannot, you are right." - Henry Ford


  1. Thanks for sending me the file for heikin-ashi indicator and templates however I cannot download them Meta4 platform. Is there any other link that you could send me Meta4 template and indicator? Thanks again

  2. Hi,

    I have question regarding MT4 setting, not sure where to post so posting it here.

    – By default MT4 display half pips everywhere (charts, order window etc.). Do you know how to disable it and only show full pips ?

    I searched on internet but couldn`t found

    1. Thanks for replying. In MT4 by default you see price like 1.33095 (EUR/USD) or 108.165 (USD/JPY).

      I want them to be displayed without half pip e.g. 1.3309 (EUR/USD) or 108.16 (USD/JPY)

      Do you know where to set this in the s/w ?

    2. Yes, my broker has correct settings in its trading system but I prefer MT4 . (CM has its own version of MT4). But you are right, its good idea to ask my broker.


  3. hi,
    I found the article useful but i never managed to incorporate heiken ashi into my mt4.
    I did not manage to locate this folder:
    (e.g. C:\Program Files\Broker Name\experts\indicators\):

    and also copying the links into the template folder was a problem, something about me seeking permission from the administrator who happens to be me.

    What am I doing wrong?

    1. Hi Kelvin,

      Thank you for your comment and welcome to LuckScout 🙂

      The MT4 platform folder in the “Program Files” folder should have a different name based on your broker name. For example when your broker is ABCD, then the above address will be:
      C:\Program Files\ABCD\experts\indicators\

    2. Hi, thanks for reply. I am using MT4. Actually someone told me a way- Open MT4-File-Open Data Folder-MQL5- experts. I can see these folders through MT4 platform but no where in my C-drive. I copied and paste them on C-drive and then followed your process. But still can’t see Heiken Ashi in the templates.

  4. Hi

    Info: I use the MetaTrader4: I copied the files into the folders you announced. The normal Heikin Ashi works nice. But the Smooth Heikin Ashi did not show me the candles. Anyway the green line is visible(!) but not the candles.
    Maybe one programmer failure is in this template? COuld you please help me out with this.

    Thank you very much

  5. Hi
    Sorry to bother again. But, in the meantime I put the line chart on with the Heiken Ashi Smooth and it seems to give me the same effect as the green price line . Am I correct to do so?
    Have a nice day.

  6. Hi,

    With smoothed Heiken Ashi can you tell me if the last candle repaints? I mean if for instance I choose daily TF, and half way through the day the price changes direction what will happen to the candle? Will it change color or does the day close before it shows at all? Because you said it was slow. Is this also true for zigzag?

  7. Hi,

    Hope you can help. I’ve got the same issue as Avi Singh: I cannot find a “\experts\indicators\” folder.

    I’ve downloaded it from CM and that folder does not appear.

    Could you please help?



  8. hi
    heikin ashi is the best trading system with ichimokuweg.!
    the iweg + ashi verynice for stock marketing.

  9. Hi,
    Thanks for both the indicators and template.
    I tried to load the “Smoothed Heikin Ashi”, but only green price line appeared.No Heikin Ashi candels. Please let me know how I should correct this.

  10. Tnx LuckScout for sharing Heiken Ashi links,
    I like it ,but it is not my favorite trading system so far.I will focus on that more .

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