Free Forex Indicators (MT4), Trend Following Indicators

3 EMA Crossover Indicator

The 3 EMA Crossover is one of the simplest EMA-crossover oscillators you may have ever experienced. It doesn’t require manual identification of intersections between moving averages.

Also, its simple demonstration of crossover trend signals helps novice speculators trade like a pro in live markets.

Technically, 3 EMA Crossover Indicator suits all MT4 timeframes and supports forex, stocks, cryptocurrency, and other financial assets available within the trading platforms.

3 EMA Crossover Indicator Overview

3 EMA Crossover overview

Generally, we see EMA templates showing crossover signals on the main price chart. With an exception, the 3 EMA Crossover comes as a rare indicator showing the crossovers in a separate oscillator window. Moreover, it signals sideways markets alongside on/off-trend situations.

3 EMA Crossover Indicator Explanation

3 EMA Crossover explanation

The 3 EMA Crossover Indicator applies a 5, 10, and 20-period exponential moving average (EMA) for plotting the crossovers in the background. The tall green bar is shown at the initial part of the chart signals for a bullish crossover.

On the other hand, the red bars indicate a bearish crossover of the indicator’s EMAs. The short orange bars in the middle signal a sideways market or a neutral trend status. Depending on your trading style, you can use either exit an existing entry or plan to add more position to your favored direction during a consolidation period of the price trend.

Buy Signal Generation with 3 EMA Crossover Indicator

3 EMA Crossover buy signal
  • The EMA crossover indicator plots green bars
  • The price breaks above its recent high
  • SL below the current swing low of the market
  • Exit short when the indicator generates orange bars

Also Read: Exness Review – Is it The Best Forex Broker?

Sell Signal Generation with 3 EMA Crossover Indicator

3 EMA Crossover sell signal
  • The 3 EMA Crossover Indicator generates red bars
  • The price breaks the recent market low at the same time
  • SL above the current market high
  • Exit long once the indicator shows orange bars

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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