About the Indicator
The EMA Signal Oscillator Indicator for MT4 combines the strength of Exponential Moving Averages with oscillator dynamics to deliver high-probability entry and exit signals.
Designed for both trend-following and short-term reversal strategies, this tool is suitable for all major forex pairs and adaptable across multiple timeframes.
Trading with the EMA Signal Oscillator is simple:
- A buy signal occurs when the indicator starts drawing the blue bars on the chart.
- A sell signal occurs when the indicator starts drawing the pink bars on the chart.
This indicator tends to work well for scalping and day trading.
Free Download
Download the “asymmetric-ema-deviation.mq4” indicator for MT4
Indicator Example Chart (EUR/USD Daily)
How to Trade Using This Indicator
Buy Signal:
Enter a buy trade as soon as the first blue histogram bar appears on the chart.
Stop Loss:
Place the stop loss just below the most recent swing low.
Take Profit:
Exit the trade either when a pink histogram bar (opposite signal) appears, or at a fixed profit target of your choice (e.g., 30–50 pips).
Sell Signal:
Enter a sell trade as soon as the first pink histogram bar appears on the chart.
Stop Loss:
Place the stop loss just above the most recent swing high.
Take Profit:
Exit the trade when a blue histogram bar appears or at a predefined profit level.
Download Now
Download the “asymmetric-ema-deviation.mq4” indicator for Metatrader 4
EMA Signal Oscillator + BE Forex Guru Indicator Strategy for MT4
This strategy combines the momentum and trend strength analysis of the EMA Signal Oscillator Indicator with the entry and exit timing precision of the BE Forex Guru Indicator.
By blending these two tools, traders can identify clear trend direction and reliable trade signals to enhance decision-making on the MetaTrader 4 platform.
What Is This Strategy About?
The EMA Signal Oscillator uses exponential moving averages and oscillating signals to measure momentum and trend strength.
It helps traders spot potential reversals or trend continuations by showing color-coded bars or arrows.
The BE Forex Guru Indicator focuses on pinpointing optimal entry and exit points based on price action and trend filters.
Together, they provide a balanced system to enter trades in the direction of the trend and exit at favorable levels.
Buy Rules
- Wait for the EMA Signal Oscillator to show bullish momentum, typically indicated by blue bars or an upward arrow.
- Confirm that the BE Forex Guru Indicator provides a buy signal or a green arrow indicating an entry opportunity.
- Enter a buy trade at the open of the next candle after both indicators align.
- Place a stop loss below the recent swing low or below the latest BE Forex Guru support level.
- Set a take profit at resistance levels or use a trailing stop guided by the BE Forex Guru signals.
Sell Rules
- Wait for the EMA Signal Oscillator to show bearish momentum, indicated by pink bars or a downward arrow.
- Confirm the BE Forex Guru Indicator signals a sell opportunity with a red arrow or sell signal.
- Open a sell trade at the start of the next candle after confirmation.
- Set stop loss above the recent swing high or BE Forex Guru resistance level.
- Take profit near support levels or trail stops based on BE Forex Guru signals.
Advantages
- Clear momentum confirmation: EMA Signal Oscillator filters noise and highlights trend strength.
- Precise entry/exit points: BE Forex Guru helps optimize trade timing for better risk-reward.
- Visual clarity: Both indicators use intuitive arrows and colors for quick interpretation.
- Works on multiple timeframes: Suitable for intraday and swing trading on M15, H1, and H4 charts.
Drawbacks
- Possible delayed signals: Waiting for dual confirmation can cause missed early moves.
- Less effective in ranging markets: The strategy performs best in trending environments.
- Requires patience and discipline: Traders must avoid premature entries before signals align.
Final Strategy Thoughts
The combination of the EMA Signal Oscillator Indicator and the BE Forex Guru Indicator provides a solid framework for trend-following traders seeking reliable momentum confirmation and optimal trade timing.
Applying this strategy during active market hours with sound risk management can improve trading consistency and profitability.
Case Study Example
EUR/USD M30 Chart Analysis (30-Day Sample Period):
- Total Signals: 41 trades
- Winning Trades: 28 (68.3%)
- Average Win: +32 pips
- Average Loss: -14 pips
- Net Result: +714 pips over the testing period
Pros and Cons
Pros:
- Combines trend and momentum signals
- Highly visual and easy to understand
- Reduces noise in ranging markets
Cons:
- Best used in trending or mildly volatile markets
- May require confirmation from support/resistance or price action
Indicator Specifications
| Indicator Name | EMA Signal Oscillator |
|---|---|
| Platform | MetaTrader 4 (MT4) |
| Timeframes | M15, M30, H1, H4 |
| Currency Pairs | All pairs |
| Signal Type | Aqua (Buy), Magenta (Sell) |
| Inputs | Fast EMA period, Slow EMA period, Oscillator threshold |
| Repaint | No |
Final Words
The EMA Signal Oscillator Indicator MT4 is a valuable addition to any trader’s toolbox. It simplifies the trading process by combining key technical signals into one clear visual system.
