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The 13- and 21-period exponential moving averages (EMA) on a 15-minute gold chart are used to identify short-term trends and potential trading signals. When the 13-period EMA crosses above the 21-period EMA, it is considered a bullish signal indicating a possible price increase. Conversely, when the 13-period EMA crosses below the 21-period EMA, it is considered a bearish signal indicating a possible price decline.
These crosses are used to determine entry and exit points. For example, when a
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Overview : This indicator is a fully customizable Moving Average tool for MetaTrader 5, designed to help traders analyze trends with flexibility and precision. It supports multiple types of moving averages and applied prices, making it suitable for different trading styles and strategies.
Whether you’re a trend follower, swing trader, or scalper — this indicator can be tailored to fit your workflow.
Features : 4 Types of Moving Averages: Simple Moving Average (SMA) Exponential Moving Average