Heiken Ashi Charts

Heiken Ashi Charts

This EA generates custom Heiken Ashi bars (Standard or Smoothed) on a separate symbol. Below is a guide for using the EA effectively with each input setting:

1. HeikenAshiType

input ENUM_HEIKEN_ASHI HeikenAshiType = HEIKEN_STANDARD;

• Options: HEIKEN_STANDARD or HEIKEN_SMOOTHED
• Use: Choose the type of Heiken Ashi to generate:
• HEIKEN_STANDARD for traditional Heiken Ashi bars.
• HEIKEN_SMOOTHED for smoothed versions using MA filters.

2. SmoothingPeriod

input int SmoothingPeriod = 7;

• Use: Applies only to HEIKEN_SMOOTHED. Sets the smoothing period.
• Recommendation: Higher values = smoother bars.

3. SmoothingMethod

input enMaTypes SmoothingMethod = ma_lwma;

• Options: ma_sma, ma_ema, ma_smma, ma_lwma, etc.
• Use: Select the moving average type used for smoothing.

4. StepSize

input int StepSize = 0;

• Use: Adds fixed steps to the smoothed bars for stair-step appearance.
• Set to 0: Disables stepping.

5. UseBetterFormula

input bool UseBetterFormula = false;

• Use: Enables an alternate calculation formula for smoothed HA.
• Set to true: If you want a more dynamic smoothing effect.

6. StartDate

input datetime StartDate = D'2024.03.01';

• Use: Set the start date for historical Heiken Ashi chart generation.
• Note: Earlier dates may increase processing time.

7. UpdateByTimer

input bool UpdateByTimer = true;

• Use: Controls whether to update the custom chart via a timed loop.

8. UpdateIntervalMs

input int UpdateIntervalMs = 1000;

• Use: If UpdateByTimer is true, this sets how frequently (ms) the EA checks for new ticks.
• Set to 0: Disables timer.

9. WatchMarketBook

input bool WatchMarketBook = true;

• Use: Enables real-time updates using market book data when available.
• Note: Recommended to keep this on for live environments.