Heiken ashi Smoothing - Area Trading - MetaTrader 5 Script - MT4/MT5 Resources
B. Williams described the original indicator as the fourth dimension - trading zone:
This indicator is based on the following 3 indicators:
Comparing the slope of the smoothed Heiken ashi can filter out some erroneous signals. The combination of these three states and values is the production area and trade signal. This version adds smoothing possibilities using one of 4 averaging types:
Attachment download
📎 heiken_ashi_smoothed_zone_trade.mq5 (14 KB)
Source: MQL5 #22639
Heiken ashi Smoothing - Area Trading - MetaTrader 5 Script Usage and Screening Suggestions
Heiken ashi Smoothing - Area Trading - MetaTrader 5 Script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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