Heiken Ashi Smoothed Oscillator:
Extending the Heiken Ashi Oscillator.
Heiken Ashi Oscillator tends to have a lot of signal. So many signals
that sometimes it is impossible to use it reasonably in trading. This
version is attempting to bring that into reasonable bounds.
Instead of using the "regular" Heiken Ashi for oscillator
calculations, this version is using the smoothed Heiken Ashi. That makes
the number of false signals fall dramatically, and, when pre-smoothing
is applied to Heiken Ashi, the lag is in acceptable bounds. That way it
becomes a good trend assessment tool. Along with a signal line, you have
multiple choices how to use this indicator in trading.
Author: Mladen Rakic
Wonderful job I recommend it as confirmation indicator but a version with MTF (mutiple time frame) will help.