BrioQuant Heiken Ashi

  • Indicators
  • Mitchell Dean Ede
    Mitchell Dean Ede
    5 (5)
    Trader, Toolmaker & Market Ninja
    Trader and toolmaker working with the markets since 2010—and occasionally building Expert Advisors when automation makes sense. I create clean MetaTrader 5 indicators and EAs for traders who want useful context without unnecessary clutter.
  • Version: 1.11
  • Updated: 30 August 2026

Heiken Ashi candles drawn in the main chart window, with the option to hide the chart's own candles so only the Heiken Ashi bodies remain.

Heiken Ashi averages each bar with the one before it. Direction changes less often than on standard candles, which makes a trend easier to hold and a stall easier to see. It is a different way of drawing the same price, not a signal.

What it does

  • Plots Heiken Ashi open, high, low and close as coloured candles
  • Separate colours for rising and falling candles
  • Optionally hides the chart's own candles while attached, and puts them back when removed
  • Publishes its values to the Data Window, readable from other programs

How it is calculated

  • Close: the average of the bar's open, high, low and close
  • Open: the midpoint of the previous Heiken Ashi open and close
  • High and low: the extremes of the bar and of the Heiken Ashi body

Related

Inputs

  • Bull candle - colour for a rising candle
  • Bear candle - colour for a falling candle
  • Hide the chart's own candles while attached - on or off

Notes

Closed bars do not repaint. The forming bar updates with price, as it should.

With the hiding option on, the original chart colours are stored and put back when the indicator is removed, including after a terminal restart. If a second copy is attached it leaves the colours to the first one.

Heiken Ashi is a way of drawing price, not a trading system. It lags ordinary candles by design, and the open and close it shows are averages rather than traded prices.

Tell me what would make this more useful. Post the change you want in the comments - I read every one and build what I can.

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The US Dollar Index on your chart, built live from your own broker's six currency pairs. The dollar index is the cleanest read there is on whether the dollar itself is moving, or whether it is the other side of your pair doing the work. When EURUSD falls you cannot tell from EURUSD alone whether the euro is weak or the dollar is strong. The index tells you. Put it under any chart and you are looking at the dollar on its own terms. It replicates the ICE US Dollar Index, widely quoted as DXY. Same
FREE
Renko bricks drawn as time-anchored boxes on your ordinary chart, so brick structure and real time stay visible together. A renko brick prints when price moves a set distance, ignoring how long that takes. That strips out the sideways noise a time chart is full of. The usual way to see them is a separate offline chart, which loses the clock. This draws the same bricks over your normal candles instead, so you keep the time axis, your other indicators, and your orders. How the bricks are built Onl
FREE
BrioQuant Break Even
Mitchell Dean Ede
5 (1)
One line showing where every open trade on this symbol, taken together, comes out flat. Scale into a position five times and the line tells you the price you need back, with the live P&L beside it. It is the break-even, not the average entry Averaging the entry prices is not the price that makes you flat. Swap accrues nightly and commission is charged on every lot, so the real break-even sits above the average entry on a long book and below it on a short one, and it drifts as swap builds. This s
FREE
Four pivot methods, three reference periods and labels that stay where you place them. BrioQuant Pivot Points plots Classic, Fibonacci, Camarilla or Woodie levels from the previous completed period. Choose Daily, Weekly or Monthly pivots, then place labels at the period start, after the newest candle, in the margin or at the chart edge. Features: Methods: Classic / Fibonacci / Camarilla / Woodie; periods: Daily / Weekly / Monthly Label placement: line start, after the newest candle, centred in t
FREE
Keep figures, halves and quarters visible without letting the grid take over the chart. BrioQuant Round Price Levels draws figures, halves and quarters as three clearly weighted tiers. The spacing adapts to the instrument, while separate line and label controls keep important prices readable on both light and dark charts. Features: Three tiers - figures (strongest), halves, quarters - each with its own colour, width and style Spacing adapts per instrument: gold, FX majors, JPY pairs, indices, cr
FREE
BrioQuant Anchored VWAP plots the volume weighted average price from a chosen anchor point, with optional standard deviation bands. Alongside the usual calendar anchors it can re-anchor at the start of each trading session. Asia, London and New York each get their own developing VWAP, which resets when that session opens and stops when it closes. The hour inputs match the BrioQuant Trading Sessions indicator, so the two line up on the same chart. Anchor modes Session - Asia, London or New York,
FREE
BrioQuant Position Monitor keeps your floating result where your eyes already are: beside the newest candle at the current price. Show this symbol's positions or the whole account, in cash and as a percentage of balance or equity, with optional entry lines and a per-position label for every open trade on the chart symbol. Features: - Floating readout rides the newest candle at current price height - no corner panel to glance away at - Scope: this symbol or the whole account; swap included or exc
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Your risk, sized before the trade. Set risk once - percent of balance, percent of equity, or a fixed amount - and the panel computes the lot for every trade from your stop distance. Drag the ENTRY, SL and TP lines on the chart; each carries a live label with price, money at risk and R multiple, with shaded risk and reward zones. An entry line placed away from price becomes a pending order. Orders you can account for. Every order, market or pending, is written to a durable journal before it is se
FREE
The euro index on your chart, built live from your own broker's five euro pairs. When EURUSD falls you cannot tell from EURUSD alone whether the euro is weak or the dollar is strong. An index answers it. Put this under any chart and you are looking at the euro on its own terms, measured against the pound, the yen, the franc and the krona as well as the dollar. It uses the New York Board of Trade Euro Currency Index formula. EUR/USD 31.55% EUR/GBP 30.56% EUR/JPY 18.91% EUR/CHF 11.13% EUR/SEK 7.85
FREE
Build a clear POC and value area from the chart range you choose. BrioQuant Range Volume Profile maps the selected MT5 volume feed across price and marks the POC, VAH and VAL. Profile the visible chart, a draggable fixed range, today or the latest number of bars, with configurable value-area shading and labels. Features: Modes: Visible Range, Fixed Range (drag two handles on the chart), Today, Last N Bars POC, configurable value-area percent, VA shading, price labels Instance tag lets two copies
Compare POC and value-area placement across Asia, London and New York sessions. BrioQuant Session Volume Profile builds a profile for the selected Asia, London or New York session, or place one profile inside every recent session window. Compare how POC and value area move, overlap or remain stable from session to session while retaining the range modes for individual chart studies. Two session workflows in addition to the range modes: Session mode: Asia, London or New York. Auto follows the act
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