Can anyone create a modified Heiken Ashi indicator that is based on a moving average instead of raw price data? Basing the Heiken Ashi on a JMA, T3 or Hull Moving average filters out whipsaws and makes the indicator extremely effective at pinpointing turning points. Almost too good to be true.

The Heiken Ashi in Esignal has this option built into the indicator. It is so effective that I've seen people who have used it for daytrading with good results. Too bad there is not one programmed for Metatrader.

Hopefully one of you programmers would be so kind as to take a shot at it...

Thanks.

Attached Files

Heiken Ashi Example.zip (74.5 KB, 1887 views)