Corrected T3 - EMA Bias - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Origin of correction algorithm:
Dr. Alexander Uhl invented a method for filtering moving averages and examining signals. Originally it used standard deviation as a measure of the corrected mean.
This indicator:
This indicator uses a modified "corrected" method. It does not use standard deviation for calculations, but EMA deviation (originally posted here: EMA deviation ) which results in two things.
You can use changes in color as signals
Attachment download
📎 corrected_t3_gema_deviationc.mq5 (16.3 KB)
Source: MQL5 #22523
Correct T3 - EMA deviation - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
Correct T3 - EMA deviation - 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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