Heiken Ashi Indicator for MT5 FREE DOWNLOAD

The Heiken Ashi Indicator for MetaTrader 5 (MT5) is a technical analysis tool that provides a smoothed view of price action, helping traders to better identify market trends. Derived from Japanese candlestick charts, “Heiken Ashi” means “average bar” in Japanese, reflecting the indicator’s focus on averages to present a more digestible view of the market.

By reducing market noise and highlighting trends more clearly, the Heiken Ashi Indicator can be an invaluable tool for traders, aiding in the formulation of effective trading strategies.

Working of the Heiken Ashi Indicator in MT5

The Heiken Ashi Indicator replaces traditional candlestick charts with its version of candles, calculated using averages of the open, close, high, and low prices. Specifically, each Heiken Ashi candlestick is derived from the price data of the current and previous periods.

This alternative calculation results in candles that help identify trends and reversals more visually. In a Heiken Ashi chart, a series of consecutive candles of the same color often indicates a trend, while a change in candle color can signal a potential trend reversal.

Delving Deeper into the Heiken Ashi Indicator for MT5

Trend Identification

The Heiken Ashi Indicator excels in trend identification. A sequence of blue/green candles, especially with no lower wicks, suggests an uptrend, while a series of red candles, especially with no upper wicks, hints at a downtrend.

Noise Reduction

One of the major benefits of the Heiken Ashi Indicator is its capacity for noise reduction. By averaging price data, the indicator smoothens out minor price fluctuations, helping traders focus on the overall trend instead of being distracted by minor price movements.

Integration with Other Indicators

For increased effectiveness, the Heiken Ashi Indicator can be used alongside other technical analysis tools. For instance, it can be combined with momentum indicators to confirm the strength of a trend or with volume indicators to verify the force behind a price move.

Key Points

  1. Simplified Trend Identification: The Heiken Ashi Indicator simplifies trend identification, providing clear and visual signals about market trends.
  2. Noise Reduction: By smoothing out minor price fluctuations, the indicator reduces market noise and allows traders to focus on the overall price movement.
  3. Customizability: The Heiken Ashi Indicator often comes with customizable settings, enabling traders to adjust its appearance to their preference.
  4. Integration with Other Tools: The indicator can be integrated with other technical analysis tools for a more comprehensive market analysis.


The Heiken Ashi Indicator for MT5 is a powerful tool that can enhance a trader’s capacity to identify and follow market trends. By providing a smoothed view of price action, this indicator aids in reducing market noise and improving the quality of trading decisions.

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