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Heiken Ashi Smoothed Indicator for MT5 Download - Free - [Tradingfinder]

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Heiken Ashi Smoothed Indicator for MT5 Download - Free - [Tradingfinder]
Heiken Ashi Smoothed Indicator for MT5 Download - Free - [Tradingfinder] 0
Heiken Ashi Smoothed Indicator for MT5 Download - Free - [Tradingfinder] 1
Heiken Ashi Smoothed Indicator for MT5 Download - Free - [Tradingfinder] 2
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The "Heiken Ashi Smoothed" indicator is an advanced and updated version of Heiken Ashi candlesticks on the MetaTrader 5 platform.

This indicator is specifically designed to analyze price trends and reduce chart noise.
The Heiken Ashi Smoothed indicator operates like a Moving Average (MA), forming above or below the price.

The trend's crossing with it indicates bullish or bearish market conditions.

Heiken Ashi Smoothed Indicator Table

Category

High Volatility - Trading Tool – Candle sticks

Platform

MetaTrader 5

Skill Level

Beginner

Indicator Type

Reversal - Trend Continuation

Timeframe

Daily Trading

Trading Style

Day Trading

Market

All Markets

Bullish Trend Conditions

Based on the AUD/CHF price chart analysis on a 1-hour timeframe, the price has crossed above the Heiken Ashi (acting like a moving average) and is oscillating in higher regions.

As long as the price remains above the indicator and the Heiken Ashi candlesticks are blue, the trend is bullish, strengthening scenarios for entering Buy trades.

Analysis of the Bullish Trend
Analysis of the Bullish Trend on the CAD/CHF Chart

Bearish Trend Conditions

Based on the Cardano price chart analysis on a 5-minute timeframe, the price has crossed below the Heiken Ashi (acting like a moving average) and is oscillating in lower regions.

As long as the price remains below the indicator and the Heiken Ashi candlesticks are red, the trend is bearish, strengthening scenarios for entering Sell trades.

Analysis of the Bearish Trend
Analysis of the Bearish Trend on the Cardano Cryptocurrency Chart

Indicator Settings

Indicator Settings
Review of Heiken Ashi Smoothed Indicator Settings
  • Chart Theme Indicator theme;
  • Ma Method 1 Calculation method of the first moving average;
  • Ma Period 1 frame of the first moving average (6 periods);
  • Ma Method 2 Calculation method of the second moving average;
  • Ma Period 2 frame of the second moving average (2 periods);
  • Look Back at the Number of candles for indicator calculation (500).

Conclusion

The Heiken Ashi Smoothed indicator is a valuable tool for analyzing price movements.

It functions similarly to moving averages, and the price's crossing with it can be interpreted as a signal for trade entry.

Heiken Ashi candlesticks are displayed in blue during an uptrend, whereas in downtrends, their color changes to orange.

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FAQs

Does this indicator directly issue trade entry signals?

No, but the price crossing with Heiken Ashi candlesticks can be considered a trade entry signal.

What is the difference between this indicator and its standard version?

The difference lies in their calculations. Furthermore, the standard Heiken Ashi indicator forms directly on the price, while the current indicator behaves like a moving average around the price.

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