It鈥檚 a custom indicator that combines:
The result is a smoother, trend-following RSI that reduces false signals common with standard RSI.
extern int RSI_Period = 14;
extern int Signal_Period = 3;
extern double Overbought = 70.0;
extern double Oversold = 30.0;
extern bool AlertOnCross = true;
extern bool AlertOnDivergence = false;
Always test in Strategy Tester (visual mode) before live use.
Heikin Ashi RSI Oscillator (HARSI) for MT4 is a hybrid technical analysis tool that combines the trend-smoothing capabilities of Heikin Ashi candles with the momentum-tracking power of the Relative Strength Index (RSI) heikin ashi rsi oscillator mt4
. Unlike the standard RSI which uses a single line, this indicator often plots RSI values as Heikin Ashi-style candles or a histogram in a separate window to provide a clearer view of trend momentum. Core Components Heikin Ashi RSI Candles
: The indicator applies the Heikin Ashi formula鈥攚hich averages price data to filter out market noise鈥攄irectly to the RSI values rather than raw price. Zero-Centered Scale
: Many versions shift the traditional 0鈥�100 RSI scale to oscillate around a zero center line It鈥檚 a custom indicator that combines:
. A cross above zero indicates gaining bullish momentum, while a cross below suggests bearish momentum. Overbought/Oversold Zones : Standard levels are often set at +20 and -20 (or 80/20 on a standard scale). Extreme levels at +30 and -30 often indicate a high probability of a reversal. How to Use the HARSI for Trading
The Perfect Indicator For Trading Reversals - Heiken Ashi RSI
This document outlines the logic, visual design, and utility of the proposed indicator. The result is a smoother, trend-following RSI that
The Heikin Ashi RSI takes the calculated values of Heikin Ashi candles (HA-Open, HA-High, HA-Low, HA-Close) and feeds them into Wilder鈥檚 RSI formula. Instead of reacting to erratic standard price action, the oscillator reacts to the smoothed average of price.
The result is an oscillator that looks like a smooth sine wave rather than a jagged mountain range.
The HA-RSI oscillator is powerful alone, but lethal when combined.
| Feature | Standard RSI | Heikin Ashi RSI | |--------|-------------|----------------| | Noise level | High | Low | | Signal speed | Fast | Moderate | | Overbought/oversold persistence | Short | Longer | | Best market type | Ranging | Trending | | Learning curve | Low | Medium |