Nema - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
NEMA indicator - calculates the EMA depth (descendants) of any "depth".
Nema can calculate all known variations (descendants) of EMA: EMA, DEMA, TEMA, ...DecEMA, ...etc., up to a "level" or "depth" of 50 (whatever the name will be)
Some known depths:
If depth is set to 1, NEMA is equal to EMA, for depth 2 it is equal to DEMA, for depth 3 it is equal to TEMA, and so on... until depth 50. In any case, depths above 40 - too much accuracy is lost due to the way the internal calculations are done, and unlike lower depths should be used with extreme caution and reservation. Furthermore, as a deviation from EMA (and DEMA and TEMA...), the indicator allows calculations using decimal periods (there is no reason for any EMA type indicator to calculate periods using only integer ranges)
The first 3 in the example image (EMA, DEMA and TEMA) use default parameters with only the depths set to 1, 2 and 3.
Attachment download
📎 nema.mq5 (15.71 KB)
Source: MQL5 #17140
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