TECHHDATE07 wrote: Fri Jun 21, 2024 7:26 pm
Hello Mr. Tools,
Could you please incorporate the MTF custom timeframe into this indicator? I don't have the MQ4 file, but I believe it's one of your creations.
Thank you.
EMA Variation with MT5 timeframes
Hello,
Added the mt5 timeframes hope that is what you were looking for.
What is the EMA Variation indicator?
The EMA (Exponential Moving Average) is one of the most relied-upon Moving Averages and is also a commonly utilized method for smoothing and filtering data.
As a filter, the EMA is an infinite-impulse response (IIR) filter that operates discretely and acts as a low-pass filter. It gives greater importance to recent data by gradually diminishing the significance of older data in an exponential manner. Its behavior is akin to that of a discrete first-order low-pass RC filter.
Due to a lesser-known characteristic that relies solely on preceding data, the EMA is ideal for various adjustments, combinations, and variations. For instance:
- A wide-range of the Adaptive moving averages are computed using an exponential moving average (EMA).
EMA Variation's "Speed" settings
Mladen's EMA Variation indicator has adjustable "Speed" settings:
- Increasing the "Speed" of the EMA results in a "faster" EMA without actually altering the EMA period.
- Increasing the "Speed" also introduces an implicit (indirect) "smoothing" to the EMA's results. This can be compared to a traditional EMA where you would see the implicit smoothing effect works and by adjusting it as fractional value aids in cushioning choppiness.
The "Speed" property of the EMA variation is utilized in this Ribbon version to create a ribbon cross, resulting in a formation of two indicator crosses, all without altering the calculating period.
