mrtools wrote: Wed Mar 05, 2025 1:04 am New Step NEMA indicator with Colored Candlesticks

Thanks, changed to colored candlesticks instead of bars.
As per the previous post I wrote, this is a new version of step ma of nema, seems to hug the price better, but remains to be seen if it is an improvement of the last version.

What is the NEMA?

NEMA (n-EMA) can calculate up to 49 EMA's and it uses up to 50 calculating buffers internally.

It calculates EMA, DEMA, TEMA and so on depending on NemaDepth parameter. In simple terms, using "3" in the NemaDepth will give you Triple Exponential Moving Averages. Using "40" in the NemaDepth will give you Quadragintuple Exponential Moving Averages.

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, DecEMA and so on, up to "levels" or "depth" 50 (Quinquagintuple Exponential Moving Average).

Some known depths:

• 1 (period) equals EMA: Single Exponential Moving Average
• 2 (period) equals DEMA: A Double Exponential Moving Average
• 3 period) equals TEMA: Triple Exponential Moving Average
• 4 period) equals TEMA: Quadruple (Quad) Exponential Moving Average
• 5 period) equals TEMA: Quintuple Exponential Moving Average
• 10 (period) equals DecEMA: Decuple Exponential Moving Average

With 50 (period) being the maximal depth calculated by this indicator.

lob99 wrote: Fri Aug 08, 2025 7:38 pm Good day
4 and 5 buffers show the color of the trend.
These buffers constantly show price data.
Is it possible to add 2 buffers so that when the trend is in buy, the trend line in sell shows zero data, and when the trend is in sell, the line in buy shows zero data.
So that you can link the indicator to your advisor to use as a trend filter.

mrtools wrote: Sat Aug 09, 2025 2:07 am Hello, have you tried using the arrows (buffers 6 & 7) for your EA?

thomdel wrote: Fri Sep 26, 2025 6:11 pm Respected mrtools Sir,

Thanks for your efforts.

Checked on diff symbols and in live market.

It's different but this one is also good in higher TimeFrame with Default Params.

These below Options will be beneficial :
1) Button
2) Line colour
3) Line width


Thanks for your Efforts, Support, Kindness.
Thanks for all uploads.
Thanks.

mrtools wrote: Sat Sep 27, 2025 5:16 am Hello, added the line coloring, line width, and on/off button.

kvak wrote: Fri Jul 19, 2024 7:24 am Hello
This version?

Ace2983 wrote: Tue Feb 10, 2026 7:25 am Hy MR Kvak

Is it possible to make this indicator in that way that Arrows are drawn as objects or that arrows have their own buffers?

Best Regards Marko