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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.

Trading Signals

Buy: 3EMA indicator turns green (bullish trend).

Sell: 3EMA indicator turns red (bearish trend).

Orange bars: no trade signal (stay with the overall trend).

Indicator Preferences

Currency pairs: any
Preferred Time frames: any
Sessions: any

Download

Download the emas.mq4 indicator.

Configurable Indicator Options

MaPeriod1, MaPeriod2, MaPeriod3, colors

GBP/USD Daily Chart Example

3-ema-forex-indicator

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.