Decema 10 EMA’s Metatrader 4 Forex Indicator
The Decema 10 EMA’s Metatrader 4 indicator is a moving average type technical tool that represents itself in the form of a linear combination of the EMA smoothing series using the Exponential Moving Average (EMA).
It is a chart indicator that draws an MA type line with smoothing properties.
The indicator clearly combines 10 (hence the prefix dec- within its name dec/ema) exponential moving averages properties into forming a single line that responds suitably to price.
Just to get a better view of how the market is fairing, more attention should be paid to the smoothing average technique of the Decema indicator by modifying its period value within the inputs setting.
The Decema 10 EMA’s MT4 indicator can be deployed when defining critical support/resistance levels. This is achievable by further adjusting the MA_Period component value on the indicator’s input setting.
The indicator can help traders quickly draw estimates about how prices will change based on price action and can modify their strategy for better trading.
Feel free to explore the Decema 10 EMA’s Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Decema 10 EMA’s Forex Indicator Chart (EUR/CAD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Decema 10 EMA’s MT4 Indicator
Buy Signal: Go long when the red Decema MT4 indicator line crosses above the blue 49 EMA indicator line with price trading lightly above the lines.
When the light sea green and dotted red lines of the Stochastic Oscillator breaks and runs above the 50.00 horizontal level, it is a buy signal confirmation.
Sell Signal: Go short when the red Decema MT4 indicator line crosses below the blue 49 EMA indicator line with price trading somewhat below the lines.
When the light sea green and dotted red lines of the Stochastic Oscillator close below the 50.00 horizontal level, it is a sell signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the red Decema line intersects the blue 49 EMA indicator line. Else, the light sea green line of the Stochastic Oscillator dips below the 50.00 horizontal level.
Exit sell trade: Close all sell orders if while a bearish trend is running, the red Decema line intersects the blue 49 EMA indicator line. Else, the light sea green line of the Stochastic Oscillator surges above the 50.00 horizontal level.
Tips: The Decema 10 EMA’s MT4 indicator is another useful trend tool that helps traders put more emphasis on whether a trend is bullish or bearish.
Using the Decema Metatrader 4 indicator appropriately will ensure that it fits your own personal trading style, regardless of being a day or swing trader.
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MA period, ma price.
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
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.