Asymmetric EMA Deviation Forex Signals Oscillator Indicator For MT4

The free Asymmetric EMA Deviation Forex signals MT4 oscillator indicator provides accurate trading signals that works great for scalping and day trading pairs.

You will receive multiple profitable trading signals throughout the 3 Forex sessions (London, New York, Tokyo).

Buying and selling pairs with the Asymmetric EMA oscillator indicator for Metatrader 4 is easy, even for newbie traders.

Interpret the trend as follows:

  • The trend is considered bullish when the Asymmetric EMA oscillator’s green signal line floats above the zero level (0.00) and the histogram is colored blue.
  • The trend is considered bearish when the Asymmetric EMA oscillator’s green signal line floats below the zero level (0.00) and the histogram is colored orchid.

Feel free to edit the Asymmetric EMA Deviation’s different parameters to suit your preferences.

Download This MT4 Forex Indicator Free

Download the “asymmetric-ema-deviation.ex4” Metatrader 4 indicator

Asymmetric EMA Deviation Forex signals Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With The Asymmetric EMA Deviation Forex signals Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Buy the currency pair when the Asymmetric EMA Deviation Forex indicator’s green signal line crosses back above the zero level from below and the histogram is colored blue.

Place initial stop loss 2-3 pips below short-term support, or use your own stop loss placement method.

Close the buy trade when an opposite signal appears on the chart (sell trigger signal).

Alternatively, take profit at predetermined profit target, for example 17 pips on the M1 scalping chart.

Sell Trigger: Sell the currency pair when the Asymmetric EMA Deviation Forex indicator’s green signal line crosses back below the zero level from above and the histogram is colored orchid.

Place initial stop loss 2-3 pips above short-term resistance, or use your own stop loss placement method.

Close the sell trade when an opposite signal appears on the chart (buy trigger signal).

Alternatively, take profit at predetermined profit target, for example 25 pips on the M5 scalping/daytrading chart.

Download This Forex Indicator Now

Download the “asymmetric-ema-deviation.ex4” MT4 indicator

Adjustable Parameters

AB period, AB mode, AB price, AB deviation, Level, Zero K, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: trend oscillator

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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