Theory :

The original (with detailed description) was posted here : Corrected Extended Wilder’s Double Smoothed EMA. As it is described in the post, is is using volatility ratio for adapting the double smoothed Wilder’s EMA. Adapting is making it more responsive to market changes and thus producing signals sooner (on average). This version is adding multi time frame to the indicator. Multi time frames are having, apart from all the standard multi time frames that can be used in metatrader 5, 3 additional “time frames” :

first higher time frame (first time frame higher than the current chart time frame)

second higher time frame (second time frame higher than the current chart time frame)

third higher time frame (third time frame higher than the current chart time frame)

Usage :

Alternative: Stochastic of average(s) - indicator MetaTrader 5

You can use color changes as signals

Corrected extended (volatility ratio adaptive) Wilder’s double smoothed ema – multi time frame version – indicator MetaTrader 5

📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks

Similar MetaTrader Trading Tools:

MetaCOT 2 CFTC ToolBox (Set of… Contents GENERAL PROVISIONS Brief description Installing the libraries and indicators Several indicators in one window Exporting CFTC reports to CSV…
MQL Plus Enhanced Debugging… Features Features three domains of functionality. - Debugging, Tracing and Performance measurments - Simple to use "Print any variable" to…
CDouble & CDoubleVector -… A library for common rounding methods used in MQL development, primitive wrapper class for type (double), and vector for CDouble…
Function library and Experts for… The algorithm for maintaining and closing a position is known to be almost more important that the rules for opening…
$Creating fractals in MQL5 using the Iterated Function Systems (IFS) - EA MetaTrader 5$
Creating fractals in MQL5 using… Introduction There are many programs, allowing the creation of self-similar sets, defined by Iterated Function System (IFS). See, for example,…
Corrected Wilder's double… Theory : The original (with detailed description) was posted here : Corrected Wilder's Double Smoothed EMA. This version is adding…
MACD Sample - EA MetaTrader 5 The MACD Sample EA is included in the standard pack of the MetaTrader 5 client terminal and is an example…
MQL5 Wizard - Trade Signals… The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal…