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
How to install the 3 Exponential custom indicator in Metatrader 4?
- Download the emas.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.