3 EMA Crossover Indicator for MT4

Introduction to the 3 EMA Crossover Indicator

The 3 EMA Crossover Indicator for MT4 is a simple and accurate forex indicator to show bullish and bearish Exponential Moving Averages intersections. Free download.

Due to the very approachable form of signals, it is recommended for beginners, but obviously can be used by advanced forex traders too.

It fits all kinds of currency pairs and timeframes so strategies like scalping, trend following, and swing trading can be successfully utilized.

Closer look at the 3 EMA Crossover Indicator

In most cases, forex templates involving EMAs show crossover signals on the main price chart.

That particular one displays its signals within its own window and in the form of colorful bars.

There are three types of these bars, each has its own size, color and meaning.

The tall green bar reflects a bullish crossover and an uptrend is expected. Similarly, the big red bar suggests a bearish crossover and potential downtrend.

Small yellow bars just mean a neutral market or trend direction indecision.

Take a look at the example chart below.

3 EMA Crossover Indicator Anatomy

Buy Signal

Long trade signal explanation and rules

  • The 3 EMA crossover indicator provides green bars
  • There is a bullish price pattern
  • Set stop loss a few pips below the most recent swing low of the market
  • Exit trade if the yellow bars appears
  • Take profit or exit trade after securing a position with a good risk-to-reward ratio

3 EMA Crossover Indicator Buy Signal Chart

Sell Signal

Short trade signal explanation and rules

  • The 3 EMA crossover indicator provides red bars
  • There is a bearish price pattern
  • Set stop loss a few pips above the most recent swing high of the market
  • Exit trade if the yellow bars appears
  • Take profit after securing a position with a good risk-to-reward ratio

3 EMA Crossover Indicator Sell Signal Chart

Settings

These are available settings. By default, the indicator uses 5, 10 and 20-period EMAs.

3 EMA Crossover Indicator Settings

How to set up the 3 EMA Crossover indicator in MetaTrader (MT4)?

Installation Guide

Download the 3-ema-crossover-indicator.rar archive at the bottom of this post, unpack it, then copy and paste the 3-ema-crossover-indicator.ex4 or 3-ema-crossover-indicator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The 3 EMA Crossover indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success.

Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions.

Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.

3 EMA Crossover Indicator in MT4 Trading Platform Navigator

Download Free Forex MT4 3 EMA Crossover Indicator

To download the 3 EMA Crossover Indicator for Metatrader 4 (MT4) for free just click the button below:

3 EMA Crossover Indicator Free Download


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