The EMA Trend indicator for MT4 (Metatrader 4) is built up of 4 EMAs and reveals the real bull or bear trend of any currency pair.
The indicator appears in the main MT4 chart window as 4 colored exponential moving averages.
The EMA Trend indicator can be used in multiple ways.
Trade Idea
- Open a buy trade as soon as the price closes above all 4 EMAs. This is considered a strong uptrend.
- Open a sell trade as soon as the price closes below all 4 EMAs. This is considered a strong downtrend.
The indicator can be used for both trade entry and exit, or to confirm trading signals issued by your own strategy.
For scalping and day trading purposes, the indicator tends to produce the best results in the London and U.S. trading sessions.
The EMA Trend indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “ema-trend-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the EMA Trend mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the custom built EMA Trend Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: EMA
Does it repaint? No.
EMA Trend + SuperTrend MTF MT4 Strategy
This strategy merges the EMA Trend Forex Indicator (MT4) with the SuperTrend MTF Forex Signal Indicator (MT4).
The idea is to use the EMA Trend indicator to gauge direction and trend strength, and then use the Multi-Timeframe SuperTrend to confirm entries.
This approach works on multiple timeframes and helps filter out bad trades.
Intro
The EMA Trend indicator calculates moving averages or trend lines to show whether the price is in an uptrend or a downtrend.
The SuperTrend MTF indicator overlays trend signals from higher timeframes, smoothing noise, and giving confirmation when multiple timeframes align.
Together, they reduce false signals.
You can apply this to M15, M30, H1, and even H4.
For intraday traders, M15/M30 is ideal. For swing traders, H1/H4 gives stronger moves.
It’s for traders who prefer trend-following with filtered entry triggers rather than relying on a single signal.
Buy Entry Rules
- EMA Trend must indicate the market is in an uptrend; the 4 EMAs are rising.
- SuperTrend MTF must show a green bullish line.
- Price should pull back toward the EMA or trend region, then resume upward with a bullish candle closing above the pullback.
- Enter at the close of that bullish confirmation candle.
- Stop loss: place below the swing low or below the EMA or trend line that acted as support.
- Take profit: target 1.5× to 2× the risk, or aim for the next resistance region or trend barrier indicated by SuperTrend or EMA trend zones.
Sell Entry Rules
- EMA Trend must be showing a downtrend; the 4 EMAs are declining.
- SuperTrend MTF must show a red bearish line.
- Price should retrace upward toward the EMA or trend line, then resume downward with a bearish candle closing below the retracement.
- Enter on that bearish candle close.
- Stop loss: place above the recent swing high or above the EMA/trend resistance area.
- Take profit: aim for 1.5× to 2× risk or go for the next support zone or trend barrier.
Advantages
- Dual confirmation from the trend indicator and the multi-timeframe SuperTrend reduces whipsaws.
- Flexible across multiple timeframes.
- Clear entry zones when price pulls back into trend.
- Allows you to trade in the direction of higher timeframe momentum.
Drawbacks
- In sideways markets, signals may be rare or ineffective.
- Lag between signal alignment can cause late entries.
- A large stop loss may be needed in volatile pairs or timeframes.
Example Case Study 1 — M15 EURUSD (Intraday)
On M15, the EMA Trend showed an upward slope. SuperTrend MTF signaled “buy” on M15 and on H1.
Price pulled back to EMA, then a bullish candle closed above the pullback.
A buy entry was taken. Stop placed below the pullback low.
TP set to 1.8× risk and into the next resistance.
Example Case Study 2 — H1 GBPUSD (Swing Trend)
On H1, the EMA Trend indicated downward movement. SuperTrend MTF signaled “sell” on H1 and on H4.
Price retraced upward to touch the trend area, then a bearish candle closed below.
Entry taken. Stop above the swing high. TP target was the next support area.
The trade ran for several hours and reached the target.
Strategy Tips
- Use pairs with good volatility and small spreads.
- Avoid trading in news or high-impact times when whipsaw risk is high.
- Trade only when both indicators strongly agree.
- Do partial exits or move stop to breakeven once risk multiple is achieved.
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Download the “ema-trend-indicator.mq4” indicator for Metatrader 4
