OPEN-SOURCE SCRIPT
Smoothed Heiken Ashi Strategy Trend Zones
Smoothed Heiken Ashi Strategy Trend Zones - Description
Overview:
The Smoothed Heiken Ashi Strategy Trend Zones is an enhanced trend-following indicator designed to help traders identify bullish and bearish trend shifts using a smoothed Heiken Ashi methodology. By applying a multi-layered EMA smoothing technique, this script reduces market noise and provides clearer trade signals.
Key Features:
✅ Smoothed Heiken Ashi Candles
A 4-layer EMA smoothing method is used to refine Heiken Ashi calculations.
Filters out price fluctuations for better trend clarity.
✅ Buy & Sell Signals
🔼 Buy Signal – Triggered when a bullish Heiken Ashi trend shift occurs.
🔽 Sell Signal – Activated when a bearish Heiken Ashi trend shift is detected.
📢 Alerts – Custom TradingView alerts notify traders when a new signal appears.
How to Use:
📉 Optimized for Short-Term & Intraday Trading
Best suited for 5-minute and higher timeframes (scalping & trend-following).
Works well in trending markets and can be used with other indicators (RSI, volume analysis) for trade confirmation or reversals.
📌 Customization
Modify the smoothing length to adjust trend sensitivity.
Combine with support/resistance levels along with VWAP to strengthen indicator signals for refined entries and exits.
Final Note:
This indicator is ideal for traders looking for a simplified trend-following approach with clear buy/sell signals.
Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always conduct your own analysis before making trading decisions.
Overview:
The Smoothed Heiken Ashi Strategy Trend Zones is an enhanced trend-following indicator designed to help traders identify bullish and bearish trend shifts using a smoothed Heiken Ashi methodology. By applying a multi-layered EMA smoothing technique, this script reduces market noise and provides clearer trade signals.
Key Features:
✅ Smoothed Heiken Ashi Candles
A 4-layer EMA smoothing method is used to refine Heiken Ashi calculations.
Filters out price fluctuations for better trend clarity.
✅ Buy & Sell Signals
🔼 Buy Signal – Triggered when a bullish Heiken Ashi trend shift occurs.
🔽 Sell Signal – Activated when a bearish Heiken Ashi trend shift is detected.
📢 Alerts – Custom TradingView alerts notify traders when a new signal appears.
How to Use:
📉 Optimized for Short-Term & Intraday Trading
Best suited for 5-minute and higher timeframes (scalping & trend-following).
Works well in trending markets and can be used with other indicators (RSI, volume analysis) for trade confirmation or reversals.
📌 Customization
Modify the smoothing length to adjust trend sensitivity.
Combine with support/resistance levels along with VWAP to strengthen indicator signals for refined entries and exits.
Final Note:
This indicator is ideal for traders looking for a simplified trend-following approach with clear buy/sell signals.
Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always conduct your own analysis before making trading decisions.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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Aviso legal
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