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Using Higher Time Frames with Wilder’s Double Smoothed EMA

Article MQL5 code base

Summary

This brief note describes a multi-time-frame version of a corrected Wilder double smoothed exponential moving average indicator. In addition to standard chart time frames, it offers three relative choices: the first, second, and third time frames above the current chart interval. The suggested use is to treat changes in the indicator’s color as signals.

The document provides no formula, parameter settings, entry or exit rules, or examples showing how the signals behave. It refers readers to an earlier explanation of the underlying indicator, which is not included here. No backtest or other evidence is presented, and the note does not discuss how to manage risk or whether higher-time-frame signals are confirmed before they appear. The material therefore communicates the indicator’s added time-frame options and a basic visual interpretation, but it is insufficient to assess reliability or performance.

Key ideas

  • The indicator adds multi-time-frame choices to a corrected Wilder double smoothed EMA.
  • It provides three relative intervals above the current chart time frame.
  • Color changes are suggested as possible signals.
  • The note omits the calculation details and refers to a separate explanation of the base indicator.
  • No performance evidence, trading rules, or risk guidance is supplied.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.