Double Smoothed EMA (MTF) (FL) Indicator for MT5 – Boost Your Trading Accuracy - FREE DOWNLOAD

By: Aditi Roy

Published on: Apr 25, 2025

The Double Smoothed EMA (MTF) (FL) Indicator for MT5 is a powerful and refined technical analysis tool that enhances the reliability of Exponential Moving Averages by applying a double smoothing technique. Built for the MetaTrader 5 platform, this indicator offers multi-timeframe (MTF) functionality, enabling traders to monitor broader trends while executing trades on lower timeframes.

This custom indicator is especially useful for traders who rely on moving averages but wish to reduce market noise and false signals. Whether you’re a beginner or an experienced trader, the Double Smoothed EMA (MTF) (FL) Indicator adds clarity to price action and helps you stay aligned with the dominant trend.

What is the Double Smoothed EMA (MTF) (FL) Indicator?

The Double Smoothed Exponential Moving Average (DSEMA) is an advanced version of the traditional EMA. Instead of applying a single exponential smoothing to price data, this indicator smooths the result twice, making it more responsive to true trend movements while ignoring random market fluctuations.

The MTF (multi-timeframe) capability of this indicator allows traders to analyze higher timeframe trends directly on their current chart, offering a broader perspective without switching timeframes. The FL version often includes flexible logic or custom modifications to enhance usability and precision.

Key Features:

• Double Smoothing Technique: Reduces lag and filters out market noise, offering a cleaner signal.


• Multi-Timeframe Support: Visualize higher timeframe EMAs on your current chart.


• Flexible Inputs: Customize the EMA period, smoothing factor, and source price.


• Visual Clarity: The indicator uses simple color schemes to distinguish direction and trend shifts.


• Works on All Assets: Compatible with forex, commodities, indices, and cryptocurrencies.


• Minimal Lag: Ideal for scalpers, swing traders, and long-term investors.

How the Double Smoothed EMA Works

Traditional EMAs apply one layer of exponential smoothing, which reacts more quickly to price changes than simple moving averages. However, this speed often comes at the cost of noise and false signals.

The Double Smoothed EMA applies an additional layer of smoothing, which:

• Reduces the sensitivity to random price movements.


• Enhances the reliability of trend direction.


• Offers earlier yet stable trend reversal signals.

This makes the DSEMA an excellent tool for identifying trend continuations and spotting potential reversals without reacting prematurely.

Benefits of Multi-Timeframe Analysis

One of the standout features of this indicator is its MTF support. In fast-paced markets, switching between timeframes can lead to missed opportunities. With MTF integration, you can:

• Align your entries with the higher timeframe trend.


• Avoid counter-trend trades.


• Validate your strategies by observing broader market movements.

By displaying EMAs from higher timeframes on your current chart, this indicator gives you a strategic edge in both short-term and long-term trading.

Trading Strategies Using Double Smoothed EMA (MTF) (FL) Indicator

Here are a few common strategies traders employ with this indicator:

1. Trend Following

Use the indicator to identify the primary trend direction. Buy when price is above the DSEMA and the line is sloping upward. Sell when price is below the DSEMA and the line is sloping downward.

2. Crossovers

Combine the Double Smoothed EMA with a shorter-term EMA. A bullish crossover occurs when the shorter EMA crosses above the DSEMA. A bearish crossover is the opposite. These signals are enhanced when aligned with the MTF trend direction.

3. Support and Resistance

The DSEMA line can act as dynamic support in an uptrend and dynamic resistance in a downtrend. Watch how price reacts near the line to enter trades with tight stop-losses.

4. Multi-Timeframe Confirmation

Set the indicator to display a higher timeframe (e.g., H4 on an H1 chart). Only take buy signals when the higher timeframe EMA is also trending upward, adding confluence to your trades.

Customization and Parameters

The indicator typically includes the following inputs for fine-tuning:

• Timeframe: Select the higher timeframe you want to overlay.


• Period: Choose the period for the EMA calculation.


• Price Source: Decide which price (open, close, high, low, etc.) the EMA should be calculated from.


• Color Settings: Customize colors for upward and downward trends for better visual clarity.


• Line Style & Thickness: Adjust to fit your charting preferences.

Who Should Use the Double Smoothed EMA (MTF) (FL) Indicator?

This indicator is suitable for all trading styles:

• Day Traders: Benefit from the smooth trends and MTF confirmation on intraday setups.


• Swing Traders: Use DSEMA to filter market noise and follow macro-trends.


• Position Traders: Track long-term trends across assets with reduced false signals.


• Scalpers: Combine with faster indicators for precise entries in line with broader movements.

Why Choose This Indicator Over Standard EMAs?

• Less Choppy: DSEMA offers more stable lines compared to regular EMAs, reducing false positives.


• MTF Capability: See multiple timeframes on one chart to avoid disjointed strategies.


• Better Accuracy: Double smoothing increases the quality of signals, especially in volatile markets.


• Time-Saving: No need to constantly switch charts to track different timeframes.

Installation Guide (MT5):

1. Download the indicator file (.ex5 or .mq5).


2. Open your MetaTrader 5 platform.


3. Go to File > Open Data Folder.


4. Navigate to MQL5 > Indicators.


5. Paste the downloaded file into the folder.


6. Restart MetaTrader 5.


7. Drag the indicator onto your chart from the Navigator panel.

Final Thoughts

The Double Smoothed EMA (MTF) (FL) Indicator for MT5 is a game-changing tool for traders looking to refine their strategy with clean, precise, and multi-layered trend data. It’s a perfect blend of simplicity and depth, offering everything you need to make more informed decisions in the market.

Whether you’re aiming to reduce noise, follow trends more confidently, or align trades with higher timeframes, this indicator can significantly improve your edge. Start using it today and experience smoother trends with clearer direction.

⚡️Upgrade

For traders using the standard EMA, upgrading to the Double Smoothed EMA (MTF) (FL) version is a smart move. You’ll immediately notice the difference in signal clarity, trend recognition, and overall trading efficiency.

Happy Trading!