Smart Heikin Ashi

Heikin Ashi candlesticks smooth out the price data to help traders spot trends and patterns in the market. By averaging the price values, these candlesticks provide a clearer visual representation, making it easier to identify trends and predict future movements without the noise of standard candlesticks. We at Minions Labs are revisiting this topic because of our fellow Swing Traders, who love Heikin Ashi.


WHY SHOULD I CARE about the Smart Heikin Ashi?

The Smart Heikin Ashi is an innovative tool that enhances your ability to detect significant movements, dojis, and high-volume areas on the Heikin Ashi chart. Delve into a myriad of adjustable parameters in the settings section to tailor the tool to your trading strategy.


HOW DOES THE Smart Heikin Ashi WORK?

The Smart Heikin Ashi enhances your charting tools by highlighting strong movements and potential reversal points through its doji indicators. It incorporates an on-chart High Volume alert to highlight significant trading volumes and offers customizable parameters to define what constitutes a Doji. Enable alerts for various patterns and movements to stay ahead in your trading game.


HOW TO "READ" the Smart Heikin Ashi

  • Identify trend changes, consolidation phases, and strong movements with a multi-colored layer on your chart.
  • Notice candles with unusually high volumes that might signify important market events.
  • Think of it as your enhanced Heikin Ashi chart, supercharged for more insightful trading.

    SETTINGS

    • --- COLORING SYSTEM ---
    • Color for Normal UP candles: Customize the color to represent upward-moving normal candles.
    • Color for Strong UP candles: Set a distinct color for candles that show strong upward movements.
    • Color for Normal DOWN candles: Choose a color for downward-moving normal candles.
    • Color for Strong DOWN candles: Highlight strong downward movements with a specific color.
    • Color for UP Doji candles: Assign a color to upward Doji candles indicating indecision or reversal.
    • Color for DOWN Doji candles: Specify a color for downward Doji candles.
    • Color for Perfect Doji candles: Define a color for perfectly balanced Doji candles.
    • --- VOLUME ANALYSIS ---
    • Enable Volume Analysis? Toggle on or off the volume analysis feature.
    • Period for volume average calculation: Set the period for calculating the average volume.
    • Volume Type to process: Select whether to process volume as TICKS (for Forex), or REAL volume.
    • Volume threshold (%): Define how much higher the volume must be compared to the average.
    • Volume Alert icon displacement: Adjust the pixel displacement for volume alert icons.
    • --- ALERT SYSTEM ---
    • Alert System: Activate or deactivate the alert system.
    • Define the types of alerts you want: MT5 Popup / e-Mail / MT5 Mobile App.
    • Define the time (in seconds) to wait after repeating a new alert.
    • Define if you want realtime alerts or ON CANDLE CLOSE alerts.
    • Define which types of movemets do you want to monitor: Only Strong Movements / Common Dojis / Perfect Dojis / A combination of whatever you want.

      BUFFERS for your Expert Advisor

      • Buffer #4 - Color system:
        • _COLOR_UP_NORMAL = 0
        • _COLOR_DOWN_NORMAL = 1
        • _COLOR_UP_STRONG = 2
        • _COLOR_DOWN_STRONG = 3
        • _COLOR_UP_DOJI = 4
        • _COLOR_DOWN_DOJI = 5
        • _COLOR_PERFECT_DOJI = 6
      • Buffer #5 - Higher volume - Any value > 0


        Didn't Find a Feature You Need?

        No tool is one-size-fits-all. If there's a feature you're missing in Smart Heikin Ashi, don't hesitate to contact us. Your input is invaluable as we strive to improve our offerings!


        About Us

        Minions Labs, founded by Flavio Jarabeck, is committed to boosting the capabilities of professional traders through advanced trading robots and indicators. Explore cutting-edge strategies across various markets and assets with our tailored solutions.

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        Oleg Rodin
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        Daniel Stein
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        Ottaviano De Cicco
        5 (1)
        The Oracle Pro: Synthetic Multi-Timeframe Bias Engine for MT5 ️ Summer Launch Offer — Get The Oracle Pro for USD 199 (early buyers). Price rises with traction; final price USD 399. The Oracle Pro is a premium multi-timeframe bias engine for MetaTrader 5, built for demanding and professional traders. It answers one question with discipline: what is the directional bias on each timeframe right now, how strong is it, and how much do the timeframes agree? Everything is computed on closed bars only
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        Davit Beridze
        5 (2)
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        Garry James Goodchild
        5 (4)
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        Ottaviano De Cicco
        5 (7)
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        Muhammad Elbermawi
        5 (10)
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        Flavio Javier Jarabeck
        4.57 (70)
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        FREE
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        Flavio Javier Jarabeck
        4.93 (29)
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        FREE
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        Flavio Javier Jarabeck
        5 (11)
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        FREE
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        Flavio Javier Jarabeck
        4.67 (6)
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        FREE
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        Flavio Javier Jarabeck
        4.79 (14)
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        FREE
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        Flavio Javier Jarabeck
        4.83 (36)
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        FREE
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        Flavio Javier Jarabeck
        4.29 (17)
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        FREE
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        Flavio Javier Jarabeck
        2.83 (18)
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        FREE
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        Flavio Javier Jarabeck
        4.6 (15)
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        FREE
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        Flavio Javier Jarabeck
        4.91 (23)
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        FREE
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        Flavio Javier Jarabeck
        5 (5)
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        FREE
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        Flavio Javier Jarabeck
        5 (1)
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        FREE
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        Flavio Javier Jarabeck
        4.27 (11)
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        FREE
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        Flavio Javier Jarabeck
        3.5 (4)
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        FREE
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        Flavio Javier Jarabeck
        3.88 (8)
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        FREE
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        Flavio Javier Jarabeck
        3.86 (7)
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        FREE
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        Flavio Javier Jarabeck
        3.67 (3)
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        FREE
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        Flavio Javier Jarabeck
        4.33 (6)
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        FREE
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        Flavio Javier Jarabeck
        4.43 (7)
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        FREE
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        Flavio Javier Jarabeck
        4.92 (12)
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        FREE
        Price Trail Chart
        Flavio Javier Jarabeck
        5 (2)
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        FREE
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        Flavio Javier Jarabeck
        5 (3)
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        FREE
        ATR Monitor
        Flavio Javier Jarabeck
        4.8 (5)
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        FREE
        Candle Zones
        Flavio Javier Jarabeck
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        FREE
        Arrows Cleaner
        Flavio Javier Jarabeck
        5 (4)
        For those who use the Trading Arrows on the chart for later study, but use the Triple Screen approach and got all those arrows everywhere on all additional charts, here it is: Arrows Cleaner! Just drop it on the chart and leave it there. When needed, just with 1-click you get rid of all those annoying arrows... SETTINGS You can position the little Button on any corner of the chart. Additionally you can displace it with the Offset settings. You can enlarge or shrink its size, as well as the text
        FREE
        ATR Monitor EA Friendly
        Flavio Javier Jarabeck
        ATR Monitor ATR is a measure of volatility introduced by market technician J. Welles Wilder Jr. in his book, "New Concepts in Technical Trading Systems". In general, traders are accustomed to seeing the ATR in the form of a sub-window indicator. What I am presenting here is a simplified version of ATR - just the current ATR number - very useful for monitoring just the very moment of the current chart. And, by default, this indicator will not show up on screen, you can just use the buffers thems
        FREE
        Candlestick Pattern Teller
        Flavio Javier Jarabeck
        5 (1)
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        Economic Markers PRO
        Flavio Javier Jarabeck
        4 (1)
        Easily get all relevant economic events of the current day right into your chart, as markers. Filter what kind of markers do you want: by country (selected individually) and by Importance (High relevance, Medium, Low or any combination of these). Configure the visual cues to your liking. Additionaly you have the ability to add up to 5 personal markers of your own agenda. With Alerts and/or with blackout periods, if you are using it within an Expert Advisor! All in one Economic Calendar indicator
        Mini Chart Indicators
        Flavio Javier Jarabeck
        The Metatrader 5 has a hidden jewel called Chart Object, mostly unknown to the common users and hidden in a sub-menu within the platform. Called Mini Chart, this object is a miniature instance of a big/normal chart that could be added/attached to any normal chart, this way the Mini Chart will be bound to the main Chart in a very minimalist way saving a precious amount of real state on your screen. If you don't know the Mini Chart, give it a try - see the video and screenshots below. This is a gr
        Market Momentum PRO
        Flavio Javier Jarabeck
        The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulness
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