iHeikenAshiSm – Trend indicator for MetaTrader 5

[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”2_3″][et_pb_post_title admin_label=”Post Title” title=”on” meta=”off” author=”on” date=”on” categories=”on” comments=”on” featured_image=”off” featured_placement=”below” parallax_effect=”on” parallax_method=”on” text_orientation=”left” text_color=”dark” text_background=”off” text_bg_color=”rgba(255,255,255,0.9)” module_bg_color=”rgba(255,255,255,0)” title_all_caps=”off” meta_font_size=”14″ use_border_color=”off” border_color=”#ffffff” border_style=”solid”]


[/et_pb_post_title][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”justified” text_font_size=”14″ use_border_color=”off” border_color=”#ffffff” border_style=”solid”]

Description of the indicator

Heikin Ashi is a type of trading chart that originated in Japan (“heikin ashi” translation being “average bar”). Heikin Ashi bars are similar to candlesticks and standard bar in that they show similar information (the open, high, low, and close of the time frame) and Heikin Ashi charts are used in trading in the same way as standard candlestick or bar charts, meaning that indicators, moving averages and chart patterns are applied to forecast price movements.

However, Heikin Ashi charts have an additional aspect, the color of the Heikin Ashi bar or candle, which is supposed to indicate the overall direction of the market, ignoring at the same time the minor changes of the price direction and then avoiding false changes of the trend.

This indicator works even better in combination with another indicator, in an effort to reduce the “fake-outs” and to stick to the prevailing trend just looking at the color of the bars.

iHeikenAshiSm - indicator for MetaTrader 5



  • Variant – bars (candles): Heiken Ashi bars or standard price bars (candles);

  • Type – drawing type: bars or candles;

  • MAPeriod – МА period;

  • MAMethod – МА method;

  • SmPeriod – smoothing period;

  • SmMethod – smoothing method.




[/et_pb_text][et_pb_divider admin_label=”Divider” color=”#ffffff” show_divider=”off” height=”20″ divider_style=”solid” divider_position=”top” divider_weight=”1″ hide_on_mobile=”on”]


[/et_pb_divider][et_pb_circle_counter admin_label=”Circle Counter” title=”How the indicator is rated by Metatrader community” number=”100″ percent_sign=”on” background_layout=”light” bar_bg_color=”#efa22d” title_font_size=”16″ number_font_size=”46″]


[/et_pb_circle_counter][et_pb_divider admin_label=”Divider” color=”#ffffff” show_divider=”off” height=”20″ divider_style=”solid” divider_position=”top” divider_weight=”1″ hide_on_mobile=”on”]


[/et_pb_divider][et_pb_cta admin_label=”Call To Action” title=”FREE iHeikenAshiSm indicator” button_url=”https://www.tradingmatica.net/wp-content/uploads/2016/01/iHeikenAshSm.zip” url_new_window=”off” button_text=”Download the indicator” use_background_color=”off” background_color=”#efa22d” background_layout=”light” text_orientation=”center” header_font_size=”26″ body_font_size=”14″ use_border_color=”off” border_color=”#ffffff” border_style=”solid” custom_button=”off” button_text_size=”20″ button_border_width=”2″ button_border_radius=”3″ button_letter_spacing=”0″ button_use_icon=”default” button_icon_placement=”right” button_on_hover=”on” button_border_radius_hover=”3″ button_letter_spacing_hover=”0″]

[/et_pb_cta][et_pb_divider admin_label=”Divider” color=”#ffffff” show_divider=”off” height=”20″ divider_style=”solid” divider_position=”top” divider_weight=”1″ hide_on_mobile=”on”]


[/et_pb_divider][et_pb_text admin_label=”How to install indicators in Metatrader 5″ saved_tabs=”all” background_layout=”light” text_orientation=”justified” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]

How to install custom indicators in Metatrader 5

  • Download the MQ5/EX5 file into your C:\Program Files\MetaTrader 5\MQL5\Indicators folder

  • If you download the zip file, unzip it and locate the MQ5 file in C:\Program Files\MetaTrader 5\MQL5\Indicators

  • Double-click on the file, the Mq5 editor will open and hit “Compile”

  • Restart your MetaTrader 5 application

  • On the left hand side, look for the “Navigator” window and under the “Indicators” tab you should find the Indicators

  • Drag (Click and drag) the indicator onto the chart

  • Choose your settings and click OK

[/et_pb_text][/et_pb_column][et_pb_column type=”1_3″][et_pb_text admin_label=”List of Free EAs” saved_tabs=”all” background_layout=”light” text_orientation=”left” text_font=”Georgia||||” text_font_size=”18″ text_text_color=”#000000″ use_border_color=”off” border_color=”#ffffff” border_style=”solid”]

Free 5-STAR Indicators and EAs


Metatrader 4

Moving averages crossover

RSI Divergence

MACD Indicator

Bollinger Bands

High Low Indicator

Keltner Channel Indicator

Candle Time Indicator

Panca Eagle Indicator


Metatrader 5

Amka Indicator

Laguerre Indicator

IS7N Indicator


Bulls Power

Bears Power

Bulls Bears Power

CCI Averages Pre-Filtered