MTF EMA 20 - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator helps find possible support/resistance areas after a trend has formed (usually the first pullback ends in the EMA area).
It shows the value of EMA 20 for the time frame from M1 to MN1.
Attachment download
📎 close_-_ema_20.mq4 (5.07 KB)
Source: MQL5 #11589
MTF EMA 20 - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
MTF EMA 20 - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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