HA EMA3 Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

This indicator is a moving average built on Heiken Ashi candlesticks.

It has two parameters:

Calculation formula:

 MA1 = MA(HA_Close position),
MA2 = MA(MA1),
MA3 = MA(MA2)

Where:

 HA_Close[i] = ((Opening price[i] + High[i] + Low[i] + Close[i])/4 + HA_Open[i] + Max(High[i],HA_Open[i]) + Min(Low[i],HA_Open[i]))/4,
HA_Open[i] = ((opening[i+1] + highest price[i+1] + lowest price[i+1] + closing price[i+1])/4 + HA_Open[i+1])/2.