Heiken Ashi Smoothed
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Heiken Ashi Smoothed
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.
Description & Settings
Heiken Ashi Smoothed indicator is a modified standard indicator.
The difference is that it uses smoothed price time series values instead of current ones. Such method allows to filter many false signals that could possibly have appeared, in case the indicator had been calculated in a standard way.
The indicator allows to select the type of smoothing from the dozen of possible variants:
- 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 Phase1 and Phase2 parameters have completely different meaning for different smoothing algorithms. 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. 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 indicators use SmoothAlgorithms.mqh library classes (must be copied to the
terminal_data_folder
\MQL5\Include). The use of the classes was thoroughly described in the article .
The indicator is built in two variants - for a chart's main window:
And for a chart's additional window:
