Leader EMA - indicateur pour MetaTrader 5

Theory:

Giorgos E. Siligardos, as a part of the leader of the MACD indicator, constructed a kind of a new moving average which we can call "leader EMA" (he calls it "a kind of a Zero lag EMA"). This is that new average as a standalone indicator.

Usage:

This indicator has 2 "coloring modes":

• color change on leader EMA slope change
• color change on leader EMA to "regular" EMA cross

PS: example for the coloring mode when leader EMA crosses regular EMA