EMA offset band
- Indicators
- Version: 1.0
EMA Offset Bands is a MetaTrader 5 indicator that plots a central EMA surrounded by percentage-based offset bands. The bands act as dynamic support and resistance that adjust automatically as the EMA moves.
Features
- Central EMA trend line as the directional anchor.
- Percentage offset bands: upper and lower bands set as a percent of the EMA, so they scale with price.
- Dynamic support/resistance: the bands move with the market instead of being fixed lines.
- Simple, clean overlay that works on any symbol and timeframe.
Inputs
- EMA Period: central moving-average length (default 200).
- EMA Method and Applied Price.
- Upper Offset Percent and Lower Offset Percent.
- Color options.
Outputs
- Central EMA line with upper and lower offset bands drawn on the price chart.
Alerts
Optional alerts can be sent as a screen popup, sound, push notification and email when price touches a band.
Limitations
The bands are derived from the EMA, so they lag price as any moving average does. A band can act as support/resistance or be broken in a strong trend; use it with your own confirmation.
Full guide with all parameters: see the Comments section.
