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Indicators

Moving Average based on Heiken-Ashi - indicator for MetaTrader 5

Tshidiso Ephraim Mpakanyane
Views:
202
Rating:
(1)
Published:
2025.06.17 11:15
Download as ZIP, How to download code from MetaEditor
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Features:

  • Works on all symbols.
  • The indicator is multi time-frame.
  • Uses colors for up and down trend to better visualize true market trend.


Inputs:

  • Time-frame - change the time-frame for indicator calculations.
  • Period - change MA period.
  • Shift - change MA shift.
  • Method - change MA method.
  • Price - change price type.


Here is an example of 3 MA's for 5 minutes, 10 minutes and 15 minutes time-frames on a 5 minutes chart.



The indicator only draws the MA line and not the Heiken-Ashi candles, here is an example with Heiken-Ashi candles.



The indicator only calculates the Heiken-Ashi candles but the code inside CalculateHeikenAshi can be modified to calculate new OHLC data.

Here is an example of Heiken-Ashi Smoothed calculation.


Heiken-Ashi smoothed is a more reliable trend following tool, better for swing trading and filter entries.


Or we can replace the code with Heiken-Ashi smoothed using ATR.


The Heiken-Ashi smoothed ATR provides a smooth baseline for setting dynamic stop-loss/take-profit levels.

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