Ehlers Inverse EMA - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
John Ehlers, author of "The Inverse EMA Indicator" proposes a causal forward and backward EMA indicator that can be used in real trading. It performs double smoothing at the high end of the spectrum to reduce aliasing components and can mitigate the effects of low-end spectrum bloat. The author describes the indicator as uniquely flexible in that it can display trend or cycle information by changing the alpha parameter with very low latency.
Attachment download
📎 ehlers_reverse_ema.mq4 (3.98 KB)
Source: MQL5 #46075
Ehlers reverse EMA - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Ehlers Inverse EMA - 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 only on titles or short-term profit descriptions.
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