Tired of wading through choppy, indecisive candles and jumping into false breakouts? The Projectreaper Heiken Ashi Indicator MT4 is your ticket to cleaner charts and more confident entries. By re-calculating each bar with a modified Heiken Ashi formula, it smooths out market noise and highlights genuine directional thrusts. Whether you’re a scalper hunting quick moves or a swing trader looking for trend confirmation, this free MT4 add-on gives you a clearer picture—no more guesswork, just smoother bars and smarter signals.


Overview At its core, the Projectreaper Heiken Ashi Indicator MT4 recalculates price action into averaged “Heiken Ashi” bars, then applies an adaptive smoothing filter to accentuate real trends while suppressing whipsaws. Unlike vanilla Heiken Ashi, this version lets you tweak the smoothing period, toggle volatility-based coloring, and even overlay standard candles for context. It’s been tested across multiple currency pairs and timeframes (M1–H4), proving especially potent on forex majors and precious metals. Plus, it’s lightweight—negligible CPU draw—so you can run it alongside other tools without slowing MT4 down.


Key Features



  • Adaptive Smoothing – Customizable period (default 8) for fine-tuning noise reduction.

  • Volatility Coloring – Bars change hue based on ATR thresholds to flag expansion or contraction.

  • Overlay Mode – Optionally display standard candles underneath for confirmation.

  • Multi-Timeframe Alerts – Get popup or email alerts when higher-TF Heiken Ashi flips.

  • Trend Strength Meter – Histogram shows bullish vs. bearish momentum.

  • Built-in Trend Lines – Auto-draws support/resistance based on recent swing highs/lows.

  • Session Filter – Enable trading signals only during London/New York overlap.

  • One-Click Inputs – Pre-set defaults for instant deployment—no heavy tweaking needed.

  • Lightweight Code – Under 50 KB; runs smoothly on any VPS or local PC.

  • Free & Open – No subscription, no hidden fees—fully free download.


How to Install & Configure



  1. Download the indicator package from FXCracked.org.

  2. In MT4, go to File → Open Data Folder → MQL4 → Indicators.

  3. Copy ProjectreaperHeikenAshi.ex4 (and .mq4 if desired) into that folder.

  4. Restart MetaTrader 4 so the Navigator refreshes.

  5. Attach the indicator to any chart via Navigator → Indicators → Projectreaper Heiken Ashi.

  6. Adjust Inputs (SmoothingPeriod, ATRMultiplier, SessionFilter) to your taste.


Why Choose Projectreaper Heiken Ashi?


Because it’s built by traders for traders. You get advanced smoothing and volatility filters without the overhead of bulky indicator suites. Frequent updates based on community feedback mean you’ll always have the latest improvements—entirely free, no strings attached.


Support & Disclaimer



Indicators can’t predict the future—always demo-test first and use proper money management. Past smoothing performance isn’t a guarantee of profitable trades.


Call to Action


Ready for cleaner charts and sharper trend signals? Download the Projectreaper Heiken Ashi Indicator MT4 today, plug it into your MT4, and start trading with confidence—free forever, with unlimited support.