Heiken Ashi Smoothed Indicator for MT5

The Heiken Ashi Smoothed indicator is a very popular trading tool. It helps to see clear trend momentum without much noise.

The logic behind the smoothed version of Heiken Ashi candles is simple: instead of using “raw” prices” for calculations, it’s using smoothed/filtered/averaged prices instead.

That usually filters out some false signals and makes it easier to use.

This version can use some of the 4 basic types of averages for smoothing:

  • Simple moving average (SMA).
  • Exponential moving average (EMA).
  • Smoothed moving average (SMMA).
  • Linear weighted moving average (LWMA).

Additionally, you can use a “step” filter (in pips) to filter out value changes that are smaller than the desired threshold (if the step is set to <=0, then that filter is not used).


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