OPEN-SOURCE SCRIPT
Smoothed Heiken Ashi Strategy Overlay Zones
The Smoothed Heiken Ashi Strategy Overlay Zones is a custom TradingView indicator designed to refine trend analysis and provide clear buy/sell signals by leveraging smoothed Heiken Ashi calculations.
Key Features:
✅ Smoothed Heiken Ashi Candles
Traditional Heiken Ashi values are enhanced using a multi-layered EMA smoothing technique, reducing market noise and providing a clearer trend direction.
✅ Buy & Sell Zone Visualization
Background Color Highlights:
🟩 Green for Bullish Trends
🟥 Red for Bearish Trends
✅ Trade Signals & Alerts
🔼 Buy Signal: Triggers when a bullish trend starts.
🔽 Sell Signal: Activates when a bearish trend begins.
🔔 Custom Alerts: Notifies traders when buy or sell zones are activated.
This indicator is ideal for trend-following traders looking for a smoother representation of price action while reducing false signals in volatile markets.
Key Features:
✅ Smoothed Heiken Ashi Candles
Traditional Heiken Ashi values are enhanced using a multi-layered EMA smoothing technique, reducing market noise and providing a clearer trend direction.
✅ Buy & Sell Zone Visualization
Background Color Highlights:
🟩 Green for Bullish Trends
🟥 Red for Bearish Trends
✅ Trade Signals & Alerts
🔼 Buy Signal: Triggers when a bullish trend starts.
🔽 Sell Signal: Activates when a bearish trend begins.
🔔 Custom Alerts: Notifies traders when buy or sell zones are activated.
This indicator is ideal for trend-following traders looking for a smoother representation of price action while reducing false signals in volatile markets.
Open-source script
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. You can favorite it to use it on a chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.