Leading EMA - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
Giorgos E. Siligardos, part of the leader of the MACD indicator, constructed a new moving average we can call a "leader EMA" (he called it "a zero-lag EMA"). This is the new average as an independent metric.
This indicator has 2 "shading modes":
PS: Example of coloring pattern when leading EMA crosses regular EMA
Attachment download
📎 leader_ema.mq5 (7.53 KB)
Source: MQL5 #22790
Leading EMA - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Leading EMA - MetaTrader 5 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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