Smoothed Heikin Ashi MT5
A highly customizable MetaTrader 5 indicator that applies sophisticated dual-layer smoothing to Heikin Ashi candles, providing traders with a cleaner representation of price trends with significantly reduced noise.
Crystal clear trend visualization with noise reduction.
Eliminate Noise, See the Mainstream Trend.
Smoothed Heikin Ashi MT5 is a trend-following indicator dedicated to MetaTrader 5 that evolves the traditional Heikin Ashi.
“Noise” always exists in the market and confuses traders’ decisions. This tool thoroughly eliminates deceptive minor price fluctuations using advanced “Dual-Stage Smoothing” technology. It draws surprisingly smooth and clear trends, powerfully supporting your trading decisions.
Key Features
1. Ultimate Noise Reduction: Dual-Stage Smoothing
In addition to normal Heikin Ashi calculations, maximum of two stages of Moving Average (MA) processing are performed in the pre-stage and post-stage. This makes it possible to extract and display only the major flow (trend) of the market without being misled by temporary price fluctuations.
2. Freely Customizable with 6 Algorithms
The calculation formula used for smoothing can be freely selected from the following 6 types. It can be optimized for every style from scalping to swing trading.
- SMA (Simple Moving Average): Basic and easy to handle.
- EMA (Exponential Moving Average): Emphasizes recent prices and reacts quickly.
- SMMA (Smoothed Moving Average): Smoother and suitable for long-term trends.
- LWMA (Linear Weighted Moving Average): Places weight on recent prices.
- LRMA (Linear Regression Moving Average): High followability to trends.
- ALMA (Arnaud Legoux Moving Average): Next-generation MA achieving smoothness while suppressing lag.
3. Visual Trend Grasping
The color of the candles changes automatically according to the state: Rising, Falling, or Sideways. Also equipped with an option to hide “Wicks”. By displaying only the body, visual information is simplified, allowing you to concentrate only on the direction of the trend.
Recommended Settings and Use Cases
Find the optimal setting that suits your trading style.
| Style | Recommended Setting Example | Features |
|---|---|---|
| Scalping / Day Trading | Period: 3-5 MA: EMA / LRMA Wicks: Hidden | Emphasizes reaction speed. Quickly captures short-term trend reversals. |
| Swing Trading | Period: 10-20 MA: SMMA / ALMA Wicks: Shown | Emphasizes noise reduction. Suitable for riding leisurely big waves. |
| Position Trading | Period: 20-50 MA: SMMA / SMA Wicks: Shown | For long-term trend following. Settings whereby you won’t be shaken by small pullbacks. |
Parameter Settings
| Parameter Category | Setting Item | Description |
|---|---|---|
| Primary Smoothing | Period | Smoothing period for the first stage. |
Method | Select from 6 types of MA algorithms. | |
| Secondary Smoothing | Enable | Whether to perform the second stage smoothing. |
Period | Smoothing period for the second stage. | |
Method | MA algorithm for the second stage. | |
| Visualization | Show Wicks | Whether to show wicks. false for a simpler look. |
Free yourself from the stress of chart analysis with Smoothed Heikin Ashi MT5.