NavelEMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author:
Classic EMA with linear combination of price time series. Calculation formula:
The indicator was first implemented in MQL4 and released in the code base on February 5, 2009.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to terminal_data_folder\MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Figure 1 NavelEMA indicator
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎navelema.mq5 (5.64 KB)
Source: MQL5 #1651
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