The EMA Cross indicator for MetaTrader is an indicator based on moving averages that indicates a possible reverse in value when two EMAs meet. The moving averages aren’t visible on the chart; however, the indicator shows a red/blue signal with an arrow in the event that an EMA crosses below or above.
The arrow with the blue color represents an upcoming bullish movement (a buy signal), and the red arrow depicts the bearish side (a sell indication).
Additionally, beginners, intermediates, or experienced Forex traders could appreciate this indicator’s technical features useful for identifying short- and long-term trading setups. In addition, it is useful to identify scalping, day/intraday, and trade signals for swings.
How to Trade With the EMA Cross Indicator
The screenshot above shows what the indicator might look like on the chart for your MT4. It also shows how you can find a setup that is high-probability.
Be aware that this EMA cross indicator is not suggested to be used solely as an indicator of trading for buy/sell entries. It is recommended to use it in conjunction with other technical indicators, such as price action, for greater effectiveness.
BUY and SELL signals: Firstly, wait for the market to begin making higher highs and higher lows, which indicates an upward trend. It is then possible to begin a buy/long trading position when the indicator has painted the arrow with a blue color that indicates a suitable area for a buy trade.
The principle above for an entry signal for BUY is also applicable to SELL setup and entry. In addition, you could make use of the price action (e.g., bullish/bearish engulfing, pin bar, etc.) to create a confluence prior to opening an entry in order to improve your winnings.
Conclusion
This EMA cross indicator for MT4 is a great tool to spot trade opportunities within a booming market. It’s also completely free to download.
