3 Exponential (3 EMAs) Moving Average Metatrader 4 Indicator
This is a very nice buy/sell forex indicator based on the crossover of 3 exponential moving averages. A green signal to buy appears when the short-term EMA crosses the medium-term EMA and long-term EMA from below and the medium-term EMA lies above the long-term EMA.
A red signal to sell appears when the short-term EMA crosses the medium-term EMA and long-term EMA from above and the medium EMA lies below the long-term EMA.
Buy: 3EMA indicator turns green (bullish trend).
Sell: 3EMA indicator turns red (bearish trend).
Orange bars: no trade signal (stay with the overall trend).
Currency pairs: any
Preferred Time frames: any
Configurable Indicator Options
MaPeriod1, MaPeriod2, MaPeriod3, colors
GBP/USD Daily Chart Example