Download the Free Heiken Ashi Smoothed MT5 Forex Indicator

You are currently viewing Download the Free Heiken Ashi Smoothed MT5 Forex Indicator

What is the Heiken Ashi Smoothed MT5 Forex Indicator

Another special MT5 forex indicator for forex traders. Before understanding this indicator, you need to have knowledge about what “Heiken Ashi” is. We will discuss this chart simply, and you can learn more about the Heiken Ashi chart via Tradeszee EDU Hub. Heiken Ashi is a special chart for analyzing the forex market more effectively than the traditional chart, clearly showing market movements and reversals with distinct colors for uptrends and downtrends. This helps both beginner and advanced traders learn the market and get accurate buy and sell entries.This indicator is fully compatible with MT5 only , not work with MT4. Visit MT4 indicators page to download MT4 indicators.

In the chart, candles can be seen in orange and green colors, with orange indicating sell trends and green indicating buy trends. Additionally, you can see a few other indicators such as the AO indicator, RSI indicator, and volume indicators. These combinations give you an accurate trade entry.

The market can be identified very clearly due to the Heiken Ashi chart. The AO indicator, located at the bottom of the chart, shows red and green colors. Red indicates a downtrend, and green indicates an uptrend. The RSI indicator touches the lower line to signal an upside reversal and touches the top line to signal a downturn. Check the volume indicator as well to make the signal more accurate.

You can improve the accuracy of buy and sell signals by adding more indicators, techniques, and strategies. Your experience and knowledge about trading are crucial factors. The Tradeszee website provides Tradeszee EDU Hub for learning trading. Never depend on one indicator.

Trading is high risk; your capital may be at risk if you fail to do it correctly. Therefore, you need to trade wisely with these indicators.

What the indicator system includes 

The indicator system includes many indicators, EAs, libraries, and files in addition to the mentioned indicators above. Here you can see everything included in the indicator system.

Indicators

  • Heiken-Ashi-smoothed.ex5
  • RSI Indicator
  • AO Indicator
  • Volume Indicator

Templates 

  • Heiken Ashi MT5.tpl

Important links you need to refer before starting trading 

Frequently Asked Questions for MT5 Heiken Ashi Smoothed Indicator

You may have more questions about this indicator. Refer to these FAQs to gain a better understanding of it

Download the Free Heiken Ashi Smoothed MT5 Forex Indicator – FAQs

The smoothed version reduces volatility even further, making trend identification more straightforward and helping traders to stay in profitable trades longer.
While it can be used alone, it's recommended to combine it with other indicators like RSI and AO for more accurate trading signals.
The indicator uses green to represent uptrends and orange to represent downtrends.
Yes, it is suitable for both beginners and advanced traders due to its simplicity and effectiveness in identifying trends.
You can download the indicator file, place it in the MT5 indicators folder, and then load it onto your chart through the MT5 platform.
Yes, it works well with other indicators like the RSI, AO, and volume indicators to enhance signal accuracy.
It works effectively on multiple timeframes, but higher timeframes like H4 and daily are preferred for more reliable trend analysis.
It can help identify potential reversals when used in conjunction with other indicators, such as when the RSI touches extreme levels or the AO changes color.
You can learn more through the Tradeszee EDU Hub, which offers resources and tutorials on using this and other trading indicators.
The primary advantage is its ability to filter out market noise, providing a clearer picture of market trends and reducing false signals.

How to trade with the Heiken Ashi Smoothed Trading System

How to Get BUY Trades

  • The market is in an upward trend, which is very important.
  • The market shows in green (Heiken Ashi chart).
  • The RSI indicator touches the lower line and turns upward.
  • The AO indicator finishes the downtrend and turns upward.
  • For more tips on improving your signal accuracy, refer to the next topic in this article.

How to Get Sell Trades

  • The market is in a downward trend, which is very important.
  • The market shows in Orange (Heiken Ashi chart).
  • The RSI indicator touches the Upper line and turns downward.
  • The AO indicator finishes the uptrend and turns downward.
  • For more tips on improving your signal accuracy, refer to the next topic in this article.

Download More Indicators for FREE

You can download more indicators, expert advisors and trading systems from this website for 100% free. Refer to the following links to get them

See more figures of Heiken Ashi Smoothed Indicator System

Heiken Ashi Smoothed MT5 Forex Indicators

How to free download the Heiken Ashi Smoothed MT5 trading system

You can download the  indicator via the following download button. 

Free Download