Pentuple Exponential Moving Average
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Pentuple Exponential Moving Average
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
A moving average with the five-fold EMA averaging, with a real period and the possibility to shift the indicator horizontally or vertically.
The indicator uses the CMoving_Average class from the SmoothAlgorithms.mqh library. The class is described in detail in the article . The SmoothAlgorithms.zip archive contains the SmoothAlgorithms.mqh file for compiling the indicator in MQL4. In this case the extension of the indicator file should be changed to mq4, i.e. PEMA.mq4).
This indicator was first implemented in MQL5 and published in the on 13.08.2012.
Fig. 1. The PEMA indicator
