Candles Smoothed HT F
Info
The Candles Smoothed HT F is a Indicator for MetaTrader 5 that the indicator displays averaged candlesticks of a larger timeframe at a smaller one. Smoothing transformation is applied to all elements of a price candlestick in this indicator: open, low, high and close.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Candles Smoothed HT F
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The indicator displays averaged candlesticks of a larger timeframe at a smaller one.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: AIS Smoothed Linear Trend Indicator - another powerful indicator for MetaTrader 5 traders.
The indicator displays averaged candlesticks of a larger timeframe at a smaller one. Smoothing transformation is applied to all elements of a price candlestick in this indicator: open, low, high and close. The indicator provides a clear graphical representation of a current market trend. A color of a candlestick determines trend direction and its body size shows the power of the current trend.Also recommended: xander pulse candles - similar indicator with strong performance on MetaTrader 5.
The indicator offers various smoothing algorithms, including:
- Simple moving average
- Exponential moving average
- Smoothed moving average
- Linear weighted moving average
- JMA adaptive average
- Ultralinear smoothing
- Parabolic smoothing
- Tillson's multiple exponential smoothing
- Smoothing with the use of Tushar Chande's algorithm
- Smoothing with the use of Perry Kaufman's algorithm.
It should be noted that phase type parameters for different smoothing algorithms have completely different meanings. For JMA it is an external phase variable changing from -100 to +100. For T3 it is a smoothing ratio multiplied by 100 for better visualization, for Vidya it is a CMO oscillator period and for AMA it is a slow EMA period. In other algorithms these parameters do not affect smoothing. For AMA fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicator uses SmoothAlgorithms.mqh library classes, which must be copied to the terminal_data_folder\mql5\include. The use of the classes was thoroughly described in the article, which is now updated to 2026.
You may also like: heiken ashi smoothed indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 1
#define reset 0 // the constant for getting the command for the indicator recalculation back to the terminal
#define indicator_name "smoothed candles" // the constant for the indicator name
#property indicator_type1 draw_color_candles
#property indicator_color1 gray, magenta,lime.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.