Heiken Ashi Smoothed

The Heiken Ashi Smoothed MT4 indicator combines the regular heiken ashi formula which has a moving average calculated on the OHLC.

Heikin Ashi is a type of software system that came from Japan (heikin ashi translates as average bar).

It’s a trend following indicator, a really smooth trend-line that change color in line with the trend direction. It could possibly filter false signals and may give a better picture of the overall trend.

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