EMA Trend Indicator
Platform: MT4 Type: Trend Last update: December 5, 2024The EMA Trend Indicator for MT4 is a classic trend-following gauge that actually consists of four exponential moving averages.
After the activation, you will get two pair of lines: yellow fast (period 21) and violet slow (period 34). They together channel-like formations. You can easily recognize market bias based on their alignment. Namely, when both yellow emas are inside the violet channel it suggests a clean uptrend. The opposite setup corresponds to a downtrend.
It has very good accuracy and also works great with pullback and reversal strategies.
Example chart:
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