Heiken Ashi CE Filtered MT5

Overview

Heiken Ashi CE Filtered MT5 is a technical indicator for the MetaTrader 5 platform. It integrates smoothed candlestick charting with a dynamic exit strategy and a customizable trend filter to deliver clear buy and sell signals. The indicator is designed to improve trend detection and signal reliability by reducing market noise.

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Features

  • Displays Heiken Ashi candlesticks to smooth price data and highlight trends.

  • Integrates Chandelier Exit for dynamic stop-loss levels based on ATR (Average True Range).

  • Applies a filter (Linear Regression or LRMA) to refine signals and reduce false positives.

  • Plots buy and sell arrows on the chart for clear signal visualization.

  • Optional alerts for buy and sell signals.

  • Customizable settings for appearance and functionality, including colors, line styles, and arrow sizes.

  • Option to hide original price bars and focus on Heiken Ashi visuals.

Parameters

Chandelier Exit Settings

  • CE ATR Period: Defines the period for calculating the Average True Range (default: 1).

  • CE ATR Multiplier: Adjusts the multiplier for Chandelier Exit levels (default: 0.75).

Filter Settings

  • Filter Length: Sets the period for the filter calculation (default: 50).

  • Filter Mode: Choose between Linear Regression (LinReg) or LRMA (default: LRMA).

  • Filter Source: Select the price type for the filter (default: Close Price).

  • Filter Use Heiken Ashi: Enable or disable Heiken Ashi data for the filter (default: True).

  • Filter Line Color: Customize the color of the filter line (default: Blue).

  • Filter Line Style: Choose the style of the filter line (default: Solid).

  • Filter Line Width: Set the thickness of the filter line (default: 1).

Display Settings

  • Hide Original Bars: Toggle to hide standard price bars and show only Heiken Ashi bars (default: True).

  • Show Heiken Ashi Bars: Enable or disable the display of Heiken Ashi candlesticks (default: True).

Signal Arrow Settings

  • Buy Arrow Color: Set the color for buy signal arrows (default: Gold).

  • Buy Arrow Size: Adjust the size of buy signal arrows (default: 1).

  • Buy Arrow Offset (Points): Set the vertical offset for buy arrows (default: 50).

  • Sell Arrow Color: Set the color for sell signal arrows (default: Gold).

  • Sell Arrow Size: Adjust the size of sell signal arrows (default: 1).

  • Sell Arrow Offset (Points): Set the vertical offset for sell arrows (default: 50).

Alert Settings

  • Buy Alert On: Enable or disable alerts for buy signals (default: False).

  • Sell Alert On: Enable or disable alerts for sell signals (default: False).


If you liked the indicator, I will be glad to have a positive review. If you find any problems with the indicator, please contact me

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