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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        Flavio Javier Jarabeck
        4.43 (7)
        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
        FREE
        MIDAS Super VWAP
        Flavio Javier Jarabeck
        4.27 (11)
        Imagine VWAP, MVWAP and MIDAS in one place... Well, you found it! Now you can track the movement of Big Players in various ways, as they in general pursue the benchmarks related to this measuring, gauging if they had good execution or poor execution on their orders. Traders and analysts use the VWAP to eliminate the noise that occurs throughout the day, so they can measure what prices buyers and sellers are really trading. VWAP gives traders insight into how a stock trades for that day and deter
        FREE
        Server Clock
        Flavio Javier Jarabeck
        5 (5)
        Many friends asked me for a simple, non-obtrusive, resource-friendly clock to track the time during their trades. It seems pretty obvious, but it is a must-have for those trading the market manually, waiting for the Market News, or just to visually know what time it is... Trading is an absorbing endeavor! So, here it is... Totally configurable, including Font Type, Font Size and Chart Location: Upper Left/Center/Right OR Lower Left/Center/Right, with a little twist of adjusting the Offset, just
        FREE
        Stackable VWAP
        Flavio Javier Jarabeck
        3.5 (4)
        Volume Weighted Average Price (VWAP) is a trading benchmark commonly used by Big Players that gives the average price a Symbol has traded throughout the day. It is based on both Volume and price. Additionally we put in this indicator the MVWAP (Moving Volume Weighted Average Price). For those who do not know the usage and the importance od this indicator I recommend a great article about this subject at Investopedia ( https://www.investopedia.com/articles/trading/11/trading-with-vwap-mvwap.asp
        FREE
        Money Flow Index EA Friendly
        Flavio Javier Jarabeck
        3.67 (3)
        The traditional Money Flow Index indicator, this time, EA friendly . There are 3 buffers exposed that can be used by EAs to automatically analyze the Overbought and Oversold conditions of the quote. Just use the traditional iCustom() function to get these signals. This Money Flow Index calculation is based on the traditional Metaquote's MFI indicator. SETTINGS MFI Period Volume type to analyze (Real Volume or Ticks) Starting Overbought region Starting Oversold region USING WITH EAs Buffer #0: 
        FREE
        Force Numbers
        Flavio Javier Jarabeck
        5 (1)
        Several assets in several markets have the behavior of using specific numbers as Force Numbers, where support, resistance and price thrust is created. Let this indicator draw those levels of support and resistance for you. You can also stack it to show different level of Prices! This technique is being used by Tape Readers and Order Flow traders all over the world for a long time. Give it a try. Challenge yourself to study new ways of Price Action! SETTINGS What Price reference to use in the c
        FREE
        Waves Sizer
        Flavio Javier Jarabeck
        3.86 (7)
        Wyckoff fans, enjoy! Ideally to be used with the Weis Waves indicator, but it can be easily used alone, the Waves Sizer puts the range (in resulting Price movement) done by the Price on its market swings. You can control how accurate or loose will be the swings. This tool is very helpful for visually know how much the Price has traveled in your Timeframe. This way you can confront this level of effort with the resulting Volume, etc... Weis Waves indicator: https://www.mql5.com/en/market/produc
        FREE
        Price Momentum
        Flavio Javier Jarabeck
        4.92 (12)
        Value Chart indicator presents the Price evolution in a new form. This indicator, Price Momentum , was developed taking all the calculations presented in the book " Dynamic Trading Indicators " by Mark W. Helweg and David Stendahl (2002). The technique involves de-trended Prices from a user-defined Period of analysis and the addition of a Volatility index correction. The result is an Oscillator with 3 zones: Fair Price Value, Overbought/Oversold and Extremely Overbought/Oversold zones. Adding th
        FREE
        Time Spaced Moving Averages
        Flavio Javier Jarabeck
        5 (3)
        The concept is simple: Plotting Price behavior within several periods of time. Some Symbols behave very well during the trading day - with this I mean Intraday trading - and this behavior ends up plotting effectively well with the proposed Exponential Moving Averages in this indicator... Obviously that this behavior could not be seen in all Symbols, but you can give it a try... Just drop this indicator in a chart and you will see for yourself... This indicator is intended for "Feeling the Trend"
        FREE
        Flux Diffuser
        Flavio Javier Jarabeck
        4.33 (6)
        Based on Brazilian trader André Moraes' Difusor de Fluxo theory, the indicator is a more reliable version of the original MACD. It is a great confirmation indicator for Swing Trading and also can be used as a Day Trading tool. If you are not familiar with the concept or André's trading strategies, I strongly recommend his excelent book named "Se Afastando da Manada" in which he explains in detail how this indicator is used. Even if you don't know the Portuguese language it is not difficult to un
        FREE
        ATR Monitor
        Flavio Javier Jarabeck
        4.8 (5)
        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. If you want to monitor several timeframes in the same chart, just add the ATR Monitor indicator several tim
        FREE
        Price Trail Chart
        Flavio Javier Jarabeck
        5 (2)
        For those who hate candlesticks in lower timeframes (M1 through M15) we "invented" a clean new way to follow Price movement and displacement (volatility) called Price Trail Chart . The big "secret" is to get rid of those annoying candle wicks and draw the whole complete candle without them, this way we get a cleaner chart and a new view of the Price Path. No Open or Close markings, just LOW's and HIGH's, full body candle. Additionaly we inserted a Volume monitor from our Best Downloaded indicato
        FREE
        Candle Zones
        Flavio Javier Jarabeck
        You probably heard about Candlesticks behaviors, which in most of the times could denote and trace Volume behaviors even if you are not watching Volume itself... Well, this indicator will do this. Naked traders love to rely solely on candlesticks patterns and with Candle Zones you can trap special patterns and DRAW THEM on your chart. As simple as that. There are several filters you can tweak in order to achieve the analysis you want. Just give it a try. After several months of testing, we think
        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)
        Minions Labs' Candlestick Pattern Teller It shows on your chart the names of the famous Candlesticks Patterns formations as soon as they are created and confirmed. No repainting. That way beginners and also professional traders who have difficulties in visually identifying candlestick patterns will have their analysis in a much easier format. Did you know that in general there are 3 types of individuals: Visual, Auditory, and Kinesthetic? Don't be ashamed if you cannot easily recognize Candlesti
        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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