Free Forex Indicators (MT4), Trend Following Indicators

EMA Trend Indicator for MT4

The EMA Trend Indicator applies four types of Exponential Moving Averages and generates crossover signals for determining trend directions. The EMAs used to build this indicator have been specially parameterized for determining the intraday trend conditions. So, you can try it for both scalping and intraday trading strategies.

EMA Trend suits trading all types of forex, stocks, cryptocurrency, and other financial assets. Besides, beginners may find its simple demonstration of trend signals really useful while trading in the live markets.

EMA Trend Indicator for MT4 Overview

The EMA Trend Indicator is combined with 21 and 34 EMAs. The developer of this indicator has used both EMA highs and lows for plotting two different dynamic price channels. The levels of the channels reflect the support and resistance areas of the price.

EMA Trend intro

For trend confirmations, simply look for crossovers between 21 and 34 EMAs. Once you determine a trend direction, look for trading opportunities at the dynamic S/R levels.

Check Out: Top 10 Free MT4 Forex Indicators

EMA Trend Indicator for MT4 Explained

The 21 EMA moves above the 34 EMA when the trend is bullish. Conversely, the 34 EMA value drops below the 21 EMA portrays a bearish crossover signal. When the price is in a strong trend-following move, you’ll find both EMA highs and lows are plotting the same type of crossover signals.

EMA Trend overview

Also, you’ll notice the price often plots reversal candlestick patterns when it comes closer to the moving average levels. During a bullish trend look for buy opportunities at the EMA-highs. Oppositely, for sell orders, try to activate your entry when the price rejects the EMA-lows.

EMA Trend Indicator for MT4: Buy Conditions

EMA Trend buy signal
  • 21 EMA value turns greater than 34 EMA
  • The price finds support at EMA-highs
  • SL below the EMA-low
  • Exit with a 2R profit

EMA Trend Indicator for MT4: Sell Conditions

EMA Trend sell signal
  • 21 EMA drops below 34 EMA
  • The price rejects to move above EMA-lows
  • SL above EMA-highs
  • Minimum profit target: 2R

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.

Leave a Comment

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.
RoboForex Welcome Bonus