Pentuple Exponential Moving Average Indicator For MT5

Pentuple Exponential Moving Average Indicator For MT5

The Pentuple Exponential Moving Average Indicator For MT5 creates a simple moving average based on five folded exponential moving average. The idea of this indicator is very simple. When it slopes downward, expect a downtrend in the market. And when it ascends along with the price, you should consider the market trend up. To execute the trade, you should be looking for the price action signals at the critical support or resistance level or else it will be tough to make a profit by using this smart tool.

FREE Pentuple Exponential Moving Average Indicator

Download the FREE Pentuple Exponential Moving Average Indicator for MT5.

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Installing the Pentuple Exponential Moving Average 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.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 Pentuple Exponential Moving Average Indicator For MT5

The Pentuple Exponential Moving Average Indicator For MT5 has 0 parameters to configure.

Buffers of the Pentuple Exponential Moving Average Indicator For MT5

The Pentuple Exponential Moving Average Indicator For MT5 provides 0 buffers.

Main Parts Of The Code

 

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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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