Forex DEMA RLH Indicator

Forex DEMA RLH Indicator:

A system of three moving averages. The indicator draws colored clouds on the basis of three MAs:

  1. EMA1=EMA(Price);
  2. EMA2=EMA(EMA1);
  3. DEMA=2*EMA1-EMA2.

The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

Test results:

Forex DEMA RLH Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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