EMA Crossover Signal Metatrader 5 Forex Indicator

The EMA Crossover Signal Metatrader 5 forex indicator is the simplest semaphore signal indicator that is dependent on varying moving averages period.

The indicator does perform very well on a trending market and less in a flat market.

Therefore, use together with a trend-following forex indicator with longer period, for example, a 200 exponential moving average would fit.

The EMA Crossover Signal MT5 forex indicator is designed based on the crossover of the Linear Weighted Fast and Slow Moving Averages, with a default period of 5 and 6 respectively.

Increasing the value of the periods of both the FasterMA and SlowerMA will yield reduced signals, thereby minimizing the risk of more false signals.

Free Download

Download the “ema-crossover_signal.ex5” MT5 indicator

Example Chart

The USD/CHF M30 chart below displays the ema-crossover_signal Metatrader 5 forex indicator in action.

Basic Trading Signals

Buy Signal: Go long when the blue cube shaped ema-crossover_signal Metatrader 5 custom forex indicator gets aligned below the candlesticks.

Sell Signal: Go short when the magenta cube shaped ema-crossover_signal Metatrader 5 custom indicator gets aligned above the candlesticks.

Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the magenta cube shaped ema-crossover_signal MT5 fx custom indicator pops up on the activity chart.

Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the blue cube shaped ema-crossover_signal MT5 fx custom indicator pops up on the price chart.

Tips: The ema-crossover_signal Metatrader 5 forex indicator is an effective tool, but should be used in conjunction with other technical analysis tools i.e. candlestick pattern, momentum and volume indicators.

Download

Download the “ema-crossover_signal.ex5” Metatrader 5 indicator

MT5 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 5

Type: chart pattern indicator

Customization options: Variable (FasterMA, SlowerMA, MAType, MAPrice), Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: trend

Installation

Copy and paste the ema-crossover_signal.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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