Smoothed Heiken Ashi Plus

Overview: This technical indicator applies a double smoothing algorithm to the standard Heiken Ashi calculation. It is designed to filter market noise and visualize the market structure clearly without the lag associated with standard moving averages.

The tool allows the user to select different Moving Average types, including Hull Moving Average (HMA) and Linear Weighted Moving Average (LWMA), to calculate the open, high, low, and close prices of the candles.

Key Features:

• Double Smoothing Engine: Applies pre-filtering to price data and post-filtering to the Heiken Ashi calculation.

• Multiple MA Methods: Includes 5 selectable MA types: Simple, Exponential, Smoothed, Linear Weighted, and Hull Moving Average.

• Visual Signals: The candles change color (e.g., White for bullish, Purple for bearish) when the calculation logic detects a direction change based on the slope.Non-Repainting: The indicator values and colors do not change after the candle is closed.

Input Parameters:

• Smoothing Settings: Section to configure the calculation logic.

• HA Price Input Smoothing Length: Period for the first smoothing pass.

• Moving Average Calculation: Select the MA type (e.g., Exponential, Hull).

• Enable double-smoothing: Toggle to activate the second filtering pass.

• Double-Smoothing Moving Average: Select the MA type for the second pass.

• Double Smoothed HA Length: Period for the second smoothing pass.

Use Case: This indicator is suitable for trend-following strategies and for traders who need to filter out false signals in ranging markets. It provides an alternative visualization to standard Japanese candlesticks.

Support: If you have any questions regarding the configuration, please leave a message in the Comments section. If you find this tool useful, your review is appreciated.