What is Zig Zag on Heikin Ashi Indicator?
ZigZag on Heikin Ashi is an MT5 chart indicator that applies ZigZag-style swing filtering to Heikin Ashi price data. Depth, deviation, backstep, colors, and line settings control the visible swing drawing.
Using the smoothed candle values can make larger swing relationships easier to compare with the chart. The lines are historical references and do not establish a future turn.
How to Use It in Practice
Start with the ZigZag line alone, then enable the Heikin Ashi candles when comparing the smoothed candle structure with the same swing sequence:
- Use Show Heikin Ashi to make the smoothed candles visible; it is false by default.
- Set Hekin Ashi period to 1 for ordinary Heikin Ashi candles or to 2 and above to average over the chosen number of periods.
- Compare the enabled candle body and the ZigZag direction with the standard candles rather than treating either display as a complete instruction.
Heikin Ashi data and swing filtering share one display, helping readers compare broad structure with less chart clutter.
MT5 Indicator Parameters
The screenshot above shows the default input parameters in the MT5 settings window.
| Parameter | Description |
|---|---|
| Heikin Ashi period | Defines the calculation period for Heikin Ashi smoothing used to determine Zig Zag points. Adjusting this changes the sensitivity of swing detection. |
| Show Heikin Ashi | Enables or disables the display of Heikin Ashi candles on the chart. When set to false, only the Zig Zag lines will be shown. |
