EMA_With_Trend_Adjustment - MetaTrader 5 Script - MT4/MT5 Resources
EMA_With_Trend_Adjustment - Moving average exponentially smoothed and modified by its trend component.
This indicator has four configuration parameters:
EMATA = Alpha * Price + (1-Alpha) * (PrevEMATA + Trend) Trend = Beta * (EMATA - PrevEMATA) + (1 - Beta) * PrevTrend
Where:
Price - SMA (1, applied price)
Figure 1. Trend component not used.
Figure 2. Using the Trend component.
Attachment download
📎 ema_with_trend_adjustment.mq5 (8.62 KB)
Source: MQL5 #21232
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