The EMA Forex Signal indicator for Metatrader 4 is based on two exponential moving averages and it delivers buy/sell signals.

  • The indicator generates a buy arrow when the faster EMA crosses the slower EMA bottom-up.
  • The indicator generates a sell arrow when the faster EMA crosses the slower EMA top-down.

The slower and faster EMA period can be easily adjusted by editing the indicator’s inputs.

Free Download

Download the ma2-signal-v2.mq4 indicator file (MT4)

Indicator Chart Example

The picture below shows the EMA Forex Signal indicator attached to the Euro / U.S. Dollar H1 chart.

How to use the EMA Forex Signal indicator?

The indicator can be used in multiple ways, find an example below:

Buy Signal:

  • A buy signal occurs as soon as the white colored arrow appears on the chart.
  • Place your stop loss below the most recent swing low.
  • Exit the buy trade for a fixed take profit target or wait for a sell signal.

Sell Signal:

  • A sell signal occurs as soon as the violet colored arrow appears on the chart.
  • Place your stop loss the above most recent swing high.
  • Exit the sell trade for a fixed take profit target or wait for a buy signal.

How to install this indicator to the Metatrader 4 platform?

  • Download the ma2-signal-v2.mq4 indicator file here and save it to your computer
  • Open your Metatrader 4 platform
  • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
  • Click on “MQL4” and open the “Indicators” folder
  • Paste the indicator file in this folder
  • Restart Metatrader 4 and you’re ready to start using the indicator

How to edit the indicator?

  • Attach the indicator to any trading chart of your preference
  • Right click in the chart and select “Indicators List” from the drop down menu
  • Select the indicator from the list and click on “Edit”
  • Now you can start editing the indicator (Inputs, Colors and Visualization)
  • Final step, click on the “OK” button to save the new configuration