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Indicators

Heiken Ashi Smoothed - Binary - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português

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1611
Rating:
votes: 12
Published:
2018.07.19 16:05

Heiken Ashi is a very well known indicator.

One of the variations that is actually improving the indicator is the "smoothed" version. The logic behind the smoothed version 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).
  • And unlike the Heiken Ashi Smoothed it is displaying 2 values only: +1 for trend up and -1 for trend down, thus making it suitable for usage from experts.
Heiken Ashi Smoothed Heiken Ashi Smoothed

Instead of using "raw" prices" for calculations, Heiken Ashi Smoothed indicator is using smoothed/filtered/averaged prices instead.

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