Skip to content

EMA Forex Signal Indicator MT4

    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