Author: Bruno Pio
If you’re on the lookout for a powerful tool to enhance your trading strategy, the Quadruple Exponential Moving Average (QEMA) might just be what you need. This indicator leverages fourfold EMA averaging, allowing for real-time analysis with the option to shift the indicator both horizontally and vertically.
The QEMA utilizes the CMoving_Average class from the SmoothAlgorithms.mqh library, which is essential for its functionality. If you're interested in diving deeper, you can check out the detailed workings of this class in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. You'll also find the SmoothAlgorithms.zip archive handy for compiling the indicator in MQL4. Just remember to change the file extension to mq4 (i.e., QEMA.mq4) when you’re setting it up.
This nifty indicator was first launched in MQL5 and made its debut in the Code Base on August 13, 2012. It’s been a game-changer for many traders since!
Fig. 1. The QEMA indicator
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