EMA_Trend - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
A simple indicator that allows to quickly draw two moving average channels calculated from the highest and lowest prices.
It has four input parameters:
Figure 1. Section 21 and Section 34
Figure 2. Issues 21 and 120
Attachment download
📎 ema_trend.mq5 (11.63 KB)
Source: MQL5 #20913
EMA_Trend - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
EMA_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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