Heiken Ashi Smooth Oscillator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Extended Heiken Ashi oscillator .
Heiken Ashi oscillators tend to have a lot of signals. There are too many signals that sometimes cannot be reasonably used in trading. This version attempts to bring it within reason.
Instead of using "regular" Heiken Ashi for oscillation calculations, this version uses smoothed Heiken Ashi. This makes the number of false signals drop dramatically and the lag is within acceptable limits when pre-smoothing is applied to Heiken Ashi. This way it becomes a good trend assessment tool. In addition to signal lines, you have several options on how to use this indicator in trading.
Attachment download
📎 heiken_ashi_smoothed_oscillator.mq5 (14.42 KB)
Source: MQL5 #20535
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