PEMA_2HTF Indicator For MT5

PEMA_2HTF Indicator For MT5

The PEMA_2HTF Indicator For MT5 displays a colored cloud created by two Pentuple Exponential Moving Averages (PEMA) of price. The two PEMAs are based on price data from two different time frames. A bullish trend is depicted by a Spring Green cloud, while a Yellow cloud represents a bearish trend.

Traders can enter long when the PEMA_2HTF Indicator For MT5 changes its color from Yellow to Spring Green, and price closes above the latest swing high. Conversely, short positions can be initiated when the cloud switches from Spring Green to Yellow, and price ends beneath the last major swing low.

FREE PEMA_2HTF Indicator

Download the FREE PEMA_2HTF Indicator for MT5.

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Installing the PEMA_2HTF Indicator For MT5

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file PEMA_2HTF.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.

Parameters of the PEMA_2HTF Indicator For MT5

The PEMA_2HTF Indicator For MT5 has 0 parameters to configure.

Buffers of the PEMA_2HTF Indicator For MT5

The PEMA_2HTF Indicator For MT5 provides 0 buffers.

Main Parts Of The Code

 

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