Re: MT5 Heiken Ashi

3
From Mladen Rakic

Heiken Ashi Oscillator tends to have a lot of signals. So many signals that sometimes it is impossible to use it reasonably in trading. This version is attempting to bring that into reasonable bounds.

Instead of using the "regular" Heiken Ashi for oscillator calculations, this version is using the smoothed Heiken Ashi. That makes the number of false signals fall dramatically, and, when pre-smoothing is applied to Heiken Ashi, the lag is in acceptable bounds. That way it becomes a good trend assessment tool. Along with a signal line, you have multiple choices how to use this indicator in trading.

Re: MT5 Heiken Ashi

4
From Mladen Rakic

This is one of indicators that falls into the price oscillators family.

Instead of using "pure price" this indicator uses Heiken Ashi values to determine the trend as well as the "strength" of the trend. Additional signal line is added for two purposes:

*To use it as any regular signal line is used: for crosses with the oscillator values.
*Since the oscillator values tend to be "nervous" (very fast changes), it does not hurt to have a smoothed values that, regardless to the natural lag when smoothing the values, is filtering out some false signals.

Re: MT5 Heiken Ashi

5
From Mladen Rakic

Heiken Ashi Zone Trade - Separate indicator is based on 3 indicators:

*Heiken Ashi.
*Accelerator Oscillator.
*Awesome Oscillator.
The combined states and values of the 3 are producing zones and trade signals.

This version of Heiken Ashi Zone Trade indicator is made to display values in a separate window - that way it will not interfere with the other on-chart indicators and can be easier to read the states in some cases.


Re: MT5 Heiken Ashi

7
From Mladen Rakic

Heiken Ashi is a very well known indicator.

One of the variations that is actually improving the indicator is the "smoothed" version. The logic behind the smoothed version is simple:

* Instead of using "raw" prices" for calculations, it's using smoothed/filtered/averaged prices instead.
* That usually filters out some false signals and makes it easier to use.
* This version can use some of the 4 basic types of averages for smoothing:
* Simple moving average (SMA).
* Exponential moving average (EMA).
* Smoothed moving average (SMMA).
* Linear weighted moving average (LWMA).
* Additionally, you can use a "step" filter (in pips) to filter out value changes that are smaller than the desired threshold (if the step is set to <=0, then that filter is not used).

Re: MT5 Heiken Ashi

9
mrtools wrote: Wed Apr 27, 2022 4:14 am From Mladen Rakic

Heiken Ashi is a very well known indicator.

One of the variations that is actually improving the indicator is the "smoothed" version. The logic behind the smoothed version is simple:

* Instead of using "raw" prices" for calculations, it's using smoothed/filtered/averaged prices instead.
* That usually filters out some false signals and makes it easier to use.
* This version can use some of the 4 basic types of averages for smoothing:
* Simple moving average (SMA).
* Exponential moving average (EMA).
* Smoothed moving average (SMMA).
* Linear weighted moving average (LWMA).
* Additionally, you can use a "step" filter (in pips) to filter out value changes that are smaller than the desired threshold
(if the step is set to <=0, then that filter is not used).
Heiken Ashi smoothed (on/off button)

Re: MT5 Heiken Ashi

10
mrtools wrote: Wed Apr 27, 2022 3:57 am From Mladen Rakic

Heiken Ashi Oscillator tends to have a lot of signals. So many signals that sometimes it is impossible to use it reasonably in trading. This version is attempting to bring that into reasonable bounds.

Instead of using the "regular" Heiken Ashi for oscillator calculations, this version is using the smoothed Heiken Ashi. That makes the number of false signals fall dramatically, and, when pre-smoothing is applied to Heiken Ashi, the lag is in acceptable bounds. That way it becomes a good trend assessment tool. Along with a signal line, you have multiple choices how to use this indicator in trading.
Image

Hello my friend! Would you be so kind to add the MTF to this smoothed heikin ashi oscillator too, like you did with the histogram? Thank you in advance.
Alberto Gauer Borrego seller on MQL5 aka Rogue_Trader / LogicGate / Gauer


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