Heiken Ashi Smoothed Indicator MT4 Download - Free - [Tradingfinder]

The Heiken Ashi Smoothed Indicator accurately identifies trends and reduces price noise.

This indicator for the MetaTrader 4 platform is an updated and improved version of the standard Heiken Ashi candles.

This indicator is formed as a moving average (composed of Heiken Ashi candles) around the price, and the position of the price relative to the moving average determines whether the trend is upward (Uptrend) or downward (Downtrend).

Heiken Ashi Smoothed Indicator Table

Uptrend Conditions

An example of the indicator's behavior during an uptrend can be seen in Polkadot's 30-minute price chart analysis (DOT).

The Heiken Ashi Smoothed Indicator behaves like a moving average (MA).

If the price breaks above the "Heiken Ashi" and oscillates above it, the trend can be considered upward (Uptrend).

Downtrend Conditions

An example of the indicator's behavior during a downtrend can be observed in a 15-minute price chart analysis of the GBP/USD currency pair.

The Heiken Ashi Smoothed Indicator behaves like a moving average (MA).

If the price breaks below the "Heiken Ashi" and oscillates beneath it, the trend can be considered downward (Downtrend).

Indicator Settings

• Chart Theme: Indicator theme;
• Ma Method 1: Calculation method for the first moving average;
• Ma Period 1: Period for the first moving average, set to 6;
• Ma Method 2: Calculation method for the second moving average;
• Ma Period 2: Period for the second moving average, set to 2.

Conclusion

The Heiken Ashi Smoothed Indicator is a practical tool for analyzing and reviewing prices on MetaTrader 4.

This indicator functions like a moving average, where the price crossing can act as a signal for entering trades.

The "Smoothed Heiken Ashi" candles are drawn in light blue for uptrends and orange for downtrends.