Heiken Ashi Smoothed Indicator
Info
The Heiken Ashi Smoothed Indicator is a Indicator for MetaTrader 5 that the heiken ashi indicator with a smoothing function. This indicator can be displayed as bars or candles, depending on the selected parameters.
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 Heiken Ashi Smoothed Indicator
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 Heiken Ashi indicator with a smoothing function.
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: Heiken Ashi as Series - another powerful indicator for MetaTrader 5 traders.
The Heiken Ashi indicator with a smoothing function. This indicator can be displayed as bars or candles, depending on the selected parameters.Also recommended: Ex Machina Heikin Ashi Enhanced v3.0 - similar indicator with strong performance on MetaTrader 5.
It offers two plotting options:
- Heiken Ashi bars (Fig. 1)
- Standard price bars or candles, painted as Heiken Ashi bars (Fig. 2)
Figure 1. Heiken Ashi Bars
Figure 2. Price Bars, Painted as Heiken Ashi
Parameters:
- Variant: Choose between Heiken Ashi bars and standard price bars (candles).
- Type: Select the drawing type, either bars or candles.
- MAPeriod: Set the MA period.
- MAMethod: Specify the MA method.
- SmPeriod: Define the smoothing period.
- SmMethod: Choose the smoothing method.
You may also like: Heiken Ashi Indicator with Adaptive Moving Average - excellent alternative for indicator users on MetaTrader 5.
⚠ 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.