EMA Changes - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
The Exponential Moving Average (EMA) is one of the most commonly used methods of smoothing/filtering data. By its very nature, it is a first-order infinite impulse response filter, applying an exponentially decreasing weighting factor. The weight of each old data decreases exponentially, never reaching zero. Due to a little known feature (it only depends on previous data - the calculation does not require older data) it is well suited to various tweaks/combinations/variations (most adaptive averages are calculated using some kind of ema)
It's doing two things:
You can use it as any average type indicator
Comparison of this indicator (with "Speed" set to 1.8, producing similar results to the "regular" EMA) and the regular EMA (grey line). As you can see, the slope of this is relatively smooth.
Attachment download
📎 ema_variation.mq5 (9.1 KB)
Source: MQL5 #23408
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