Smoothed Heikin Ashi + MA MTF📊 MTF Smoothed Heikin Ashi + MA Cross (SHA_MA)This indicator combines a double-smoothed Heikin Ashi (SHA) with the popular 50 and 200 Simple Moving Averages (SMAs), all wrapped in a robust Multi-Timeframe (MTF) engine.This tool is designed to help traders identify and confirm trend direction across multiple timeframes, providing cleaner signals than standard Heikin Ashi candles.
Key Features and BenefitsDouble-Smoothed Heikin Ashi (SHA):SHA candles are created by applying an Exponential Moving Average (EMA) twice to the standard Heikin Ashi calculation.This significantly filters out market noise and choppy price action, making trend reversals and continuations clearer and more reliable.Color Logic: Candles are colored green (lime) when the SHA Close is above the SHA Open (Bullish) and red when the Close is below the Open (Bearish).Multi-Timeframe (MTF) Capability:You can set the SHA candles, MA50, and MA200 to calculate on a higher timeframe (e.g., 4-Hour) while viewing your main chart on a lower timeframe (e.g., 15-Minute).This is crucial for ensuring your trades are aligned with the overall larger trend direction (top-down analysis).Self-Correction: The script automatically prevents errors by reverting the indicator to the chart's native timeframe if a timeframe lower than the chart's is mistakenly selected.Key Moving Averages:Includes the industry-standard 50 SMA (Fast) and 200 SMA (Slow).The crossover between the two MAs (Golden/Death Cross) acts as a powerful confirmation signal for the SHA trend.
⚙️ How to Use ItTrend Confirmation: Use the SHA candle color (Green/Red) to confirm the short-term trend.Long-Term Bias: Use the MA200 as the primary filter. Only look for long entries when price is above the MA200, and short entries when price is below it.MTF Alignment: Set the "Indicator Timeframe" input to a higher level (e.g., 4H or 1D) to ensure your entry timeframe is trading in the direction of the macro trend.CustomizationSettingDefault ValuePurposeIndicator TimeframeChartSet to a higher TF (e.g., 1h, 4h) for MTF analysis.SHA EMA Length 1 & 210Controls the level of smoothing applied to the candles. Higher values mean less noise but more lag.MA 50 & 200 Length50 & 200Standard Moving Average periods.\
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SHAMAZZ = Smoothed Heikin Ashi + MA + ZigZagSHAMAZZ combines a Smoothed Heikin Ashi structure, two moving averages, and a smart ZigZag with labeled swings to help you read trend, momentum and market structure in one glance.
What it does
1. Smoothed Heikin Ashi
• Rebuilds candles using double-smoothed EMAs to filter noise
• Bull SHA candles show trend strength and clean pushes up
• Bear SHA candles highlight clean pushes down and pullbacks
2. Moving Averages
• MA 1 is the fast trend line, default 50 period
• MA 2 is the higher time frame trend line, default 200 period
• Price above both MAs and green SHA candles suggests bullish environment
• Price below both MAs and red SHA candles suggests bearish environment
3. ZigZag with labels
• Detects major and minor swing highs and lows
• Draws ZigZag lines with separate bull and bear colors
• Labels key swings as HH, HL, LH, LL so you see market structure clearly
• Label color and opacity are fully adjustable in settings
How to use it
1. Identify the main trend
• Check MA 2 slope and where SHA candles are relative to MA 1 and MA 2
• Long bias when SHA is mostly green and price holds above MA 1 and MA 2
• Short bias when SHA is mostly red and price holds below MA 1 and MA 2
2. Read structure with the ZigZag
• Uptrend pattern: HL then HH labels stepping upward
• Downtrend pattern: LH then LL labels stepping downward
• Structure shifts when the sequence breaks
Example: series of HH HL that suddenly prints a LL
3. Time entries
• In an uptrend
• Look for HL labels forming near or slightly under MA 1
• Wait for SHA candles to flip back to bullish and then look for entries in the direction of the trend
• In a downtrend
• Look for LH labels forming near or slightly above MA 1
• Wait for SHA candles to turn bearish again and then look for short setups
4. Filter chop and ranges
• When HH HL and LL LH labels mix and alternate in a tight zone, market is ranging
• You can avoid entries when SHA candles are small, mixed colors, and price is stuck around MA 1 and MA 2
5. Multi time frame use
• Set the indicator timeframe to a higher time frame to project higher time frame SHA and MAs on a lower chart
• Trade in the direction of the projected higher time frame trend and structure for cleaner setups
This indicator is designed as a trend and structure map: SHA shows the quality of the move, MAs show the larger direction, and the ZigZag labels show the story of highs and lows so you can enter with the trend and avoid random chop.
