An extended version of the Heiken Ashi indicator with the ability to average (smooth) values for a given period of bars and select the price used: with or without the “opening price”. The description is embedded in the parameters. For comparison, there are three screenshots: the standard version (1 bar), 3 bars and 5 bars.

Version for MetaTrader 4:

• Period to average – calculation period
• haClose price mode-closing price calculation mode
• Draw histogram(true) or line (false) – display mode of the indicator (histogram/lines)
• Alert on closed bars-alerts for closed bars
• Alert message – text message
• Alert mail-sending a message
• Alert notification-sending a notification
• Alert sound – a sound signal
• Alert sound file name – the name of the sound file