Heiken Ashi Smoothed Indicator
Info
The Heiken Ashi Smoothed Indicator is a Indicator for MetaTrader 5 that heiken ashi smoothed indicator is a modified standard indicator. The difference is that it uses smoothed price time series values instead of current ones.
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
Heiken Ashi Smoothed Indicator is a modified standard indicator.
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: SHK Heikin Ashi MACD Signal Arrows for MT5 - another powerful indicator for MetaTrader 5 traders.
Heiken Ashi Smoothed Indicator is a modified standard indicator.Also recommended: heiken ashi as series - similar indicator with strong performance on MetaTrader 5.
The difference is that it uses smoothed price time series values instead of current ones. This method allows filtering of many false signals that could have appeared if the indicator had been calculated in a standard way.The indicator allows selection of the smoothing type from numerous 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 using Tushar Chande's algorithm
- Smoothing using Perry Kaufman's algorithm
It should be noted that phase1 and phase2 parameters have completely different meanings 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, the fast EMA period is a fixed value and equals 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
The indicator uses SmoothAlgorithms.mqh library classes. These 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.
Copyright 2026
You may also like: ex machina heikin ashi enhanced v3.0 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 5
#property indicator_plots 1
#property indicator_type1 draw_color_candles
#property indicator_color1 dodgerblue, red
#property indicator_label1 "heiken ashi open;heiken ashi high;heiken ashi low;heiken ashi close".......
⚠ 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.