Heiken Ashi CE Filtered MT5
- Indicators
- Mykola Khandus
- Version: 1.0
- Activations: 5
Heiken Ashi CE Filtered is an indicator that generates trading signals based on Heiken Ashi candlesticks with additional filtering.
For filtration is used:
- Chandelier Exits, based on ATR changes, to determine the direction of the trade. You can download this indicator here: Chandelier Exits
- Zero Lags SMA, based on linear regression, for additional trend confirmation. You can download this indicator here: Zero Lags SMA
Main Functions:
- Buy/Sell Signals: the indicator generates entry and exit points using a complex combination of ATR (Average True Range) with a ZLSMA filter.
- ZLSMA filter: the inbuilt ZLSMA (Least Squares Moving Average) filter provides smooth trend detection and eliminates noise, giving you a clear view of the market direction.
- ATR-based Chandelier Exits: developed using advanced ATR calculations, the indicator automatically calculates support and resistance levels, providing effective stop loss suggestions to optimise trade management.
- Easy chart visualisation: the indicator builds buy and sell signals directly on the chart with clear visual cues, and you can hide the original price candles to get a clearer view of the Heiken Ashi trend.
Input Parameters:
Chandelier Exits
- ATR Period
- ATR Multiplier
- Use Close Price for Extremums
ZLSMA
- Filter Length
- Filter Source
- Hide Original Bars
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If you liked the indicator, I will be glad to have a positive review. If you find any problems with the indicator, please contact me.