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Rahib Samadov
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This MQL5 indicator draws four Exponential Moving Averages (EMAs) — 21, 50, 100, and 200 — directly on the chart window. The EMA 21 is displayed as a color-changing line , while EMA 50, 100, and 200 are standard single-color lines. The color of EMA 21 changes dynamically based on price position. When the closing price is above EMA 21 , the line turns blue , indicating bullish pressure. When the closing price is below EMA 21 , the line turns yellow , indicating bearish pressure. If the price