The 2 EMA’s Colored Crossover System indicator for MT4 provides solid trading signals based on the crossover of 2 EMA’s.
- When price crosses and closes above the two green EMA’s, it creates a buy trade signal.
- When price crosses and closes above the two red EMA’s, it creates a sell trade signal.
The 2 EMA’s Forex indicator makes it even more easy to determine when it’s time to buy and sell:
- A buy signal occurs when the 2 EMA lines turn green.
- A sell signal occurs when the 2 EMA lines turn red.
Download the “2-ema-color-alerts-indicator.mq4” indicator for MT4
Indicator Example Chart (GBP/USD H1)
How to trade with it?
Open a buy trade as soon as the two EMA signal lines turn green from red color. The trend is now positive.
Open a sell trade as soon as the two EMA signal lines turn red from green color. The trend is now negative.
Exit the trade when an opposite trading signal occurs on the chart.
Feel free to use your own favorite trading methods to open and close trades with the 2 EMA’s Colored Crossover System indicator .
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Fast, slow, mode, price, signal bar, alerts message, alerts sound, alerts email, alerts mobile, color settings & style
Indicator type: Price action
Repaint? Does not repaint the colored EMA lines.
Download the “2-ema-color-alerts-indicator.mq4” indicator for Metatrader 4
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the 2-ema-color-alerts-indicator.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.