Price EMAs Indicator for MT4

The Price EMAs Indicator for MT4 displays the distance between the open price and 3 different periods exponential moving averages (EMAs) in pips. The default periods of MAs are 10, 50, and 200.

The general idea behind that gauge is to define market trends and the formula is pretty simple. When the green MA is above blue MA, and the blue MA is above red MA, it means there is a bullish trend. Similarly, when the green MA is below blue MA, and the blue MA is below red MA, it means there is a bearish trend. Other setups mean the trend is undecided.

Example chart:

price emas indicator example chart

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