Forex Indicator Heiken Ashi Smoothed.algo

Indicator Adjustable Inputs:

"MaMethod", DefaultValue = 2;
"MaPeriod", DefaultValue = 6;"
"MaMethod2", DefaultValue = 3;
"MaPeriod2", DefaultValue = 2;

➤  Heiken Ashi Technique:

Heiken Ashi, an indicator used to smooth and filter noise, specifically with market noise, price whipsaws or ranging markets during a trend. As seen in the above chart and to it's far left, we see a series of red (down trend) bar overlays. In this same move down, the market created 2 or more pullbacks to the upside, yet the indicator remained a technical short bias and price continued it's move down. Heiken Ashi is commonly used in conjunction with price formations for entry and other indicators for signal entries and exits. Heiken Ashi is best used as a visual representation of an up or down trend movement, despite market noise and smaller pullbacks in price. It is rarely traded as a stand alone indicator.

➥ Indicator Download Heiken Ashi Smoothed.algo