The EMA Levels indicator for Metatrader 5 is based on exponential moving averages and delivers beginner friendly trend trading signals.
The indicator is displayed in the price chart as a colored signal line that provides the actual buy and sell signals.
How does the EMA Levels indicator deliver its signals?
- The green colored thick line displays an uptrend (buy signal).
- The orange colored thick line displays a downtrend (sell signal).
- The gray colored thick line displays a neutral trend.
The indicator contains the following inputs and parameters: EMA period, line colors, and style.
Please make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
Free Download
Ema levels.mq5 Indicator (MT5)
Chart Example
The following chart shows how the EMA Levels indicator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The EMA Levels Forex Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal occurs when the green thick signal line is displayed in the chart.
- Enter a long trade and place your stop loss order below the green dotted line.
- Exit the buy trade for a fixed profit target or wait for the orange colored thick line (bearish trend reversal).
Sell Signal
- A sell signal occurs when the orange thick signal line is displayed in the chart.
- Enter a short trade and place your stop loss order above the orange dotted line.
- Exit the short trade for a fixed profit target or wait for the green colored thick line (bullish trend reversal).
