Theory : This indicator is a "corrected" version (using dr. Alexander Uhl's method for correcting an average) of Wilder's double smoothed EMA Also it is adding floating levels to the indicator. That way you have 4 choices for color changes : chan...
from https://tradingrobots.net/corrected-double-smoothed-wilders-ema-extended-version-indicator-for-metatrader-5/
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Corrected double smoothed Wilder's EMA (extended version) - indicator MetaTrader 5