Smoothed Heiken Ashi Candles MT5
- Indicators
- Rashed Samir
- Version: 1.1
- Updated: 28 October 2024
This indicator is the mql version of the Smoothed Heiken Ashi Candles.
Heikin-Ashi charts resemble candlestick charts, but have a smoother appearance as they track a range of price movements, rather than tracking every price movement as with candlesticks.
Because the Heikin Ashi candlesticks are calculated based on averages, the candlesticks will have smaller shadows than a regular Japanese candlestick. Just like with regular Japanese candlesticks, with a Heikin Ashi candlestick, the smaller the shadow, the stronger the trend.
In this indicator, Heiken Ashi candles smoothed with exponential moving average.
The length of 1 will be the same as the normal Heikin Ashi.
I welcome your suggestion for improving the indicator