THV Ema Distance Monitor MT5

Hi Traders,

The THV EMA Distance Monitor is a lightweight and flexible MT5 indicator designed to display the real-time distance between price and multiple Exponential Moving Averages (EMA) directly on the chart.

The indicator allows traders to enable or disable up to five EMAs, each with a customizable period, making it adaptable to different trading strategies and market conditions. For each selected EMA, the distance from the current price is calculated and displayed in a clear on-chart panel.

Users can choose how the distance is displayed:

  • Price difference

  • Points

  • Percentage (%)

The indicator automatically adjusts formatting based on the symbol’s precision, ensuring accurate and consistent values across Forex, Metals, Indices, and Cryptocurrencies.

With color-coded output showing whether price is above or below each EMA, the THV EMA Distance Monitor helps traders quickly assess trend strength, momentum, and potential pullback zones at a glance.

Simply attach the indicator to your chart — minimal setup is required.

Happy Trading !


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Indicateurs
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Currency Strength Wizard   est un indicateur très puissant qui vous offre une solution tout-en-un pour un trading réussi. L'indicateur calcule la puissance de telle ou telle paire de devises en utilisant les données de toutes les devises sur plusieurs périodes. Ces données sont représentées sous la forme d'un indice de devise facile à utiliser et de lignes électriques de devise que vous pouvez utiliser pour voir la puissance de telle ou telle devise. Tout ce dont vous avez besoin est d'attacher
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Indicateurs
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