The EMA Trend Catcher indicator for Metatrader 5 consists of two moving averages and delivers a buy or sell signal when the trend reverses its direction.
It is displayed on the chart as a blue and red colored signal line.
The basics explained:
- Essentially, when the shorter MA crosses above the longer MA, this creates a buying opportunity (blue-colored arrow).
- Vice versa, when the short MA crosses below the longer MA, this creates a selling opportunity (red-colored arrow).
The indicator includes several inputs and parameters, such as MA short period, MA long period, alerts ON, mobile notification, and more.
It is advisable to become familiar with this technical indicator and thoroughly test it on a demo account for an extended period.
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Ganesha Trend Viewer MT5.mq5 Indicator (MT5)
Chart Example EURUSD H1
The picture below illustrates what the EMA Trend Catcher indicator looks like when applied to the MT5 chart.
How To Buy And Sell With The EMA Trend Catcher Indicator?
Find a simple trading strategy below:
Buy Signal
- A buy signal is generated when the blue-colored arrow is displayed on the chart.
- Execute a buy market order and place a stop loss below the previous swing low point.
- Close the buy trade for a fixed take profit target of your preference.
- Alternatively, await a sell arrow to close the buy trade.
Sell Signal
- A sell signal is generated when the red-colored arrow is displayed on the chart.
- Execute a sell market order and place a stop loss above the previous swing high point.
- Close the sell trade for a fixed take profit target of your preference.
- Alternatively, await a buy arrow to close the sell trade.
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Ganesha Trend Viewer MT5.mq5 Indicator (MT5)
MT5 Trend Breakout Strategy Using EMA Trend Catcher and Super Channels
The EMA Trend Catcher Forex Indicator is ideal for identifying strong trend direction, while the Super Channels Forex Indicator for MT5 visually defines dynamic price ranges and breakout zones.
When combined, these tools form a complete strategy that helps you capture high-momentum trades with low drawdown.
Recommended Timeframes
Use this strategy on M15, M30, or H1 charts for the best mix of signal frequency and reliability. It’s particularly effective during active market sessions like London or New York.
Strategy Components
- EMA Trend Catcher: Determines the dominant market trend using a combination of moving averages and dynamic filters.
- Super Channels Indicator: Plots price envelopes that act as support/resistance zones and breakout levels.
Buy Setup
- Wait for the price to be above the Super Channel midline and near the lower channel band.
- EMA Trend Catcher must turn green, confirming bullish trend direction.
- Enter a buy trade when the price bounces off the lower channel band or breaks above a recent minor resistance level.
- Place your stop-loss just below the channel’s lower boundary or the most recent swing low.
- Target the upper Super Channel boundary or use a 1:2+ risk-reward ratio.
Sell Setup
- Wait for the price to be below the Super Channel midline and near the upper channel band.
- EMA Trend Catcher must turn red, confirming bearish trend direction.
- Enter a sell trade when the price rejects the upper channel or breaks below a short-term support level.
- Set your stop-loss just above the channel’s upper boundary or recent swing high.
- Target the lower Super Channel band or aim for a minimum 1:2 risk-reward ratio.
Why This Combo Strategy Works
The Super Channels Indicator provides high-precision breakout and range signals, while the EMA Trend Catcher ensures you’re trading only in the direction of the prevailing momentum.
This reduces false entries and keeps your trades aligned with market strength.
Bonus Tip
Avoid trading inside the Super Channel’s middle range unless there is a strong trend confirmed by the EMA Trend Catcher. Breakouts at the channel extremes provide the best risk-to-reward opportunities.
Frequently Asked Questions
How Do I Install The EMA Trend Catcher Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Ganesha Trend Viewer MT5.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click on the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on the properties
- Now you can edit the inputs, colors, levels, scale, and visualization
- Finally, click the OK button to save the new configuration
