What is Double Smoothed EMA (MTF) Indicator?
Double Smoothed EMA MTF is an MT5 chart indicator that applies two stages of exponential smoothing and can display the result from a selected timeframe. Period, price source, timeframe, interpolation, and color settings shape the line.
The smoother line provides visual context for comparing price with a less noisy average across chart horizons. It is a display reference and does not establish a fixed trend result.
How to Use It in Practice
The line is a twice-smoothed EMA whose color changes with the displayed trend direction. Compared with an ordinary EMA, the smoothed line suppresses small fluctuations while retaining a response to recent price.
- Compare the colored smoothed line with the ordinary EMA and with the candles on the same chart.
- Set Time frame to choose the calculation timeframe; its default reads the active chart timeframe.
- Select Price to change the source price used for the moving-average calculation.
Two smoothing stages reduce visual noise, selected timeframe context stays on one chart, and simple inputs keep the line easy to compare.
MT5 Indicator Parameters
The screenshot above shows the default input parameters in the MT5 settings window.
| Parameter | Description |
|---|---|
| Time frame | Defines which timeframe’s data the indicator uses. You can choose to display the moving average from the current or a higher timeframe (for multi-timeframe analysis). |
| Period | Sets the number of bars used for EMA calculation. Higher values increase smoothing and reduce responsiveness, while lower values make it more sensitive to price changes. |
| Price | Specifies which price type is used for the calculation, such as Close, Open, or Median price. Median price helps reduce outlier effects from extreme candle values. |
| Interpolation | When using higher timeframe data, this option smooths transitions between candles. |
