Heikin Ashi — Rsi Oscillator Mt4

The indicator then applies the standard RSI formula using the HA Close values (or an average of HA prices, depending on the specific coding variation):

$$RSI = 100 - \frac1001 + RS$$

Where RS (Relative Strength) is the Average Gain of HA prices divided by the Average Loss of HA prices over a specified period (usually 14). heikin ashi rsi oscillator mt4

The Heikin Ashi RSI Oscillator is a custom technical indicator for MT4 that merges two popular concepts: Heikin Ashi smoothing and the Relative Strength Index (RSI). While a standard RSI calculates momentum based on raw price data, this variant applies Heikin Ashi filtering first, then computes the RSI. The result is displayed as an oscillator (0–100) with overbought/oversold levels, aiming to reduce market noise and false signals common with the classic RSI.

The indicator is not built into MT4 by default. You need to install a custom one. The indicator then applies the standard RSI formula

Here are three proven strategies using this oscillator.

  • Pullback entry in uptrend:
  • Range/mean-reversion:

    • The HA-RSI is versatile. Below are three proven strategies for MT4 using this oscillator. The Heikin Ashi RSI Oscillator is a custom

    The indicator draws in a separate sub-window below the main chart.

  • Reference Levels:

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