Skip to content

3 EMA’s Metatrader 4 Forex Indicator

    The 3 EMA’s forex indicator is a trend following forex system that is visible in a separate window below the main activity chart.

    This is a very popular trading system indicator to trade the majors, currency cross pairs and exotics.

    It’s quite simple to understand how this exponential moving average system works:

    The 3 EMA’s system indicator consists of 3 ema’s, one with short period (set at 10), one with medium period (set at 50) and one with longer period (set at 200).

    Buy signal:

    When the short EMA is aligned above the medium and long term EMA AND the medium is aligned above the long term EMA, this creates a buy signal.

    Sell signal:

    Conversely, when the short EMA is aligned below the medium and long term EMA AND the medium is aligned below the long term EMA, this creates a sell signal.

    You can use the 3 EMA’s system indicator for any currency pair and timeframe.

    Free Download

    Download the price-emas.mq4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below displays the 3 EMA’s forex indicator in action.

    Basic Trading Signals

    Signals from the 3 EMA’s forex indicator are easy to interpret and goes as follows:

    Buy Signal: See description above on how to open a buy trade with 3 EMA’s.

    Sell Signal: See description above on how to open a sell trade with 3 EMA’s.

    Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.

    Download

    Download the price-emas.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern

    Customization options: Variable (EMAShortPeriod, EMAMediumPeriod, EMALongPeriod) Colors, width & Style.

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

    Type: Price

    Installation

    Copy and paste the price-emas.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

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

    File > Open Data Folder > MQL4 > Indicators (paste here)

    Share this post!