This Forex indicator shows you the EMA200 (200 exponential moving average) trend of the higher time frame.
So, it’s easy to trade in conjunction with the higher trend.
For example, it shows you the EMA200 trend in TF H4 if you are watching the hourly chart.
EMA200 trend bar green: look for buy signals in the current time frame. Avoid sell signals.
EMA200 trend bar red: look for sell signals in the current time frame. Avoid buy signals.
Currency pairs: any
Preferred Time frames: up to the daily chart
Configurable Indicator Options
GBP/USD Daily Chart Example
How to install the 200 EMA Forex Trend custom indicator in Metatrader 4?
- Download the ema200Trend indicator.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.