DEMA Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This indicator combines several indicators into one
The trend (and color) of the indicator is based on the slope of the DEMA (Double Exponential Moving Average), but the values shown are envelopes constructed using high and low prices and using the selected average type (one of the 4 available types: SMA, EMA, SMMA or LWMA). This way you can check the direction (trend) of the dema as well as the average of the potential high/low envelope channel entry states for the price
Attachment download
📎 dema_trend.mq5 (15.62 KB)
Source: MQL5 #21974
DEMA Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
DEMA Trend - 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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