• Overview
  • Reviews (3)
  • Comments (3)

Smoothed Heiken Ashi

This is Heiken Ashi smoothed version, where you can choose on what type smoothness you want to make your strategy base. You can choose between EMA or MA, on the period you want. And you can choose colors.


Definition: 

The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise. Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data.

Reviews 3
Uwe Schubert
653
Uwe Schubert 2020.06.11 17:26 
 

Good job! Thanks sharing for free. Similar to Tipu Heikin Ashi for MT4. Just as a "nice to have": different color for wicks and bodies.

Fortunate
97
Fortunate 2020.02.07 10:08 
 

thank you for making this available for free. I was missing Heikin Ashi on MT5 coming from another platform where I used this a lot. You perfected this! It allows me to trade price action with ease. thank you!

Dunstan Wafula Namusonge
605
Dunstan Wafula Namusonge 2020.02.05 10:35 
 

A wonderful tool, Price Action made simple. Thank you

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Uwe Schubert
653
Uwe Schubert 2020.06.11 17:26 
 

Good job! Thanks sharing for free. Similar to Tipu Heikin Ashi for MT4. Just as a "nice to have": different color for wicks and bodies.

Fortunate
97
Fortunate 2020.02.07 10:08 
 

thank you for making this available for free. I was missing Heikin Ashi on MT5 coming from another platform where I used this a lot. You perfected this! It allows me to trade price action with ease. thank you!

Dunstan Wafula Namusonge
605
Dunstan Wafula Namusonge 2020.02.05 10:35 
 

A wonderful tool, Price Action made simple. Thank you