Heikin Ashi MT4
- Indicators
-
Agus Santoso
DISCLAIMER ON : The author of EA will not be held responsible for your losses or problems of any kind if the EA is directly or indirectly responsible for any losses.
Our software is provided “as is”, without any warranty or condition of any kind, express, implied or statutory. - Version: 1.0
MT4 Version : https://www.mql5.com/en/market/product/183369
MT5 Version : https://www.mql5.com/en/market/product/183370
Heikin Ashi Smoothed
Heikin Ashi Smoothed is a professional trend-following indicator designed to help traders identify market direction, trend transitions, and potential entry or exit zones using a refined Heikin Ashi smoothing method.
Unlike standard Heikin Ashi, this indicator applies a two-stage smoothing process to reduce market noise and make trend visualization clearer. It is suitable for traders who want a cleaner chart, smoother trend signals, and multi-timeframe confirmation.
The indicator displays smoothed Heikin Ashi candles directly on the main chart and includes optional arrows, alerts, multi-timeframe mode, and an ON/OFF chart button for better usability.
Key Features
Smoothed Heikin Ashi candles displayed directly on the main chart.
Multi-timeframe support for higher timeframe trend confirmation.
Trend change arrows for potential bullish and bearish transitions.
Optional alerts for trend changes.
Alert options include message, sound, push notification, and email.
ON/OFF chart button to show or hide the indicator without removing it.
Adjustable smoothing methods and smoothing periods.
Automatic candle width adjustment based on chart zoom.
Clean visual trend representation.
Suitable for manual trading, confirmation, and strategy filtering.
How It Works
The indicator uses a two-step smoothing process:
The original market OHLC data is smoothed using a selected moving average method.
The smoothed OHLC values are converted into Heikin Ashi values.
The Heikin Ashi result is smoothed again to produce a cleaner trend display.
Trend direction is determined by the relationship between the smoothed Heikin Ashi open and close values.
Arrows are displayed when the trend direction changes.
This approach helps reduce false visual noise and provides a clearer view of market direction.
Trading Usage
The indicator can be used for:
Trend-following confirmation.
Identifying bullish and bearish market phases.
Filtering entries based on higher timeframe direction.
Confirming trade exits when the Heikin Ashi trend changes.
Combining with support/resistance, ATR, ADX, moving averages, or price action.
Manual trading on Forex, Gold, Indices, Commodities, and Crypto CFDs.
For more conservative trading, it is recommended to confirm signals after candle close rather than relying on the current forming candle.
Suggested Usage Ideas
Trend Confirmation
Use bullish smoothed Heikin Ashi candles to confirm buy-side bias and bearish candles to confirm sell-side bias.
Multi-Timeframe Confirmation
Use the indicator on a lower timeframe while reading the trend from a higher timeframe. For example:
M5 chart with M15 or H1 confirmation.
M15 chart with H1 confirmation.
H1 chart with H4 confirmation.
Exit Signal
A trend color change or opposite arrow can be used as an exit warning, especially when combined with trailing stop or volatility-based risk management.
