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Heikin-Ashi Smoothed Candlestick MT5 Indicator

    Heikin-Ashi uses more price data to construct its candlesticks. Heikin-Ashi Smoothed candlesticks are designed to filter out more noise (reducing false signals), in an effort to keep you trading with the overall trend.

    General assumptions

    Bullish signal: Blue Heikin-Ashi smoothed candlestick

    Bearish signal: Red Heikin-Ashi smoothed candlestick

    Download Link

    Download the iheikenashism.mq5 indicator.

    Example: EUR/USD H4 Chart



    Type: advanced candlestick indicator

    Currency pairs: any

    Timeframe: any

    Platform: Metatrader 5

    Customizable settings: type (candles, bars), MAPeriod, MAMethod, SmMethod, colors,…