The Quintuple Exponential Moving Average indicator is of multiple EMA of EMA which formula is this one:
Pema=8*Ema1-28*Ema2+56*Ema3-70*Ema4+56*Ema5-28*Ema6+8*Ema7-Ema8
Code adapted from the Metatrader5 formula.
Coded by a request in the ProBuilder English support forum.
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//PRC_PEMA | indicator //23.01.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //--- parameters // period = 14 // method = MOVING AVERAGE TYPE // --- Price=customclose MA1=Average[period,method](Price) MA2=Average[period,method](MA1) MA3=Average[period,method](MA2) MA4=Average[period,method](MA3) MA5=Average[period,method](MA4) MA6=Average[period,method](MA5) MA7=Average[period,method](MA6) MA8=Average[period,method](MA7) PEMA=8*MA1-28*MA2+56*MA3-70*MA4+56*MA5-28*MA6+8*MA7-MA8 RETURN PEMA as "Pentuple Exponential Moving Average indicator" |
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