EMA Angle Forex Indicator (MT4)

The EMA Angle Forex indicator for Metatrader 4 is an excellent buy and sell trading signal tool based on exponential moving averages.

The indicator appears in a separate MT4 chart window as a red-colored oscillator, providing bullish and bearish trading signals.

EMA Angle can be categorized as a trend-following indicator that can be used in multiple ways.

Open a buy trade as soon as the oscillator turns back above the 0.00 neutral level from below.
Open a sell trade as soon as the oscillator turns back below the 0.00 neutral level from above.

The EMA Angle indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download

The example chart below displays the EMA Angle 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 EMA Angle 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 the indicator repaint? No.