The Holts Double Exponential Smoothing Trend indicator for Metatrader 5 is considered a trend oscillator that provides buying and selling trade opportunities.
The oscillator appears in a separate chart window as green and orange-colored trading zones.
The indicator works equally well for scalping, day trading, and swing trading.
How to identify bullish and bearish market trends?
- The green colored trading zone shows a buy trend.
- The orange colored trading zone shows a sell trend.
The following indicator inputs and parameters can be modified: trend component period, turn alerts on, push notifications, and email alerts.
The Holts Double Exponential Smoothing Trend indicator designed for the MT5 charting platform does not repaint the buy and sell trading zones under any circumstances.
Before using this technical indicator on a live account, make sure you understand how it works by testing it on a demo account first.
It supports all time frames and Forex pairs.
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Holts_double_exponential_smoothing_trend.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Holts Double Exponential Smoothing Trend indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Holts Double Exponential Smoothing Trend Indicator?
Find a simple trading strategy below:
Buy Signal
- The start of the green colored trading zone presents a buy signal.
- Initiate a buy market order and add a stop below the previous swing low region.
- Exit the long trade for a predetermined pips profit target.
- Optional: wait for a sell reversal signal.
Sell Signal
- The start of the orange colored trading zone presents a buy signal.
- Initiate a sell market order and place your stop loss above the previous swing high region.
- Exit the short trade for a predetermined pips profit target.
- Optional: wait for a buy reversal signal.
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Holts_double_exponential_smoothing_trend.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Holts_double_exponential_smoothing_trend.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration