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Heiken Ashi MA for MQL5

This is a fairly well-known indicator that smooths the market price fluctuations and allows you to see some hidden aspects of its movement. Generally, the indicator does not require additional explanations. However, please note the ability to enter (exit) the market the next candle after the one, at which an opposite signal was actually generated. Suppose that the market reverses from rise to fall. In this case, it would be better to place a STOP SELL order at the Low level of the candle, at which the SELL signal was generated. BUY SELL signals are generated by the changes of the indicator color. The indicator is an analogue of the MQL4 version, which can be downloaded for free: https://www.mql5.com/en/market/product/12790


Settings

  • Method - price series smoothing method. Smoothed averaging is used by default;
  • Period - smoothing period. 5 on default.
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