Introduction to the Heiken Ashi Smoothed Lines Indicator
The Heiken Ashi Smoothed Lines Indicator uses HAS candles in its calculations but when it comes to visual aspect, this indicator displays two lines.
Trading signals provided by this tool are based on lines crossover. When there was an upside cross – a yellow buy arrow will appear. Similarly, When there was an downside cross – a red sell arrow will appear.
The indicator is plotted directly on the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Heiken Ashi Smoothed Lines indicator in MT4?
Copy and paste the heiken-ashi-smoothed-lines-indicator.mq4 or heiken-ashi-smoothed-lines-indicator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Click the link below:
The Heiken Ashi Smoothed Lines indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.