Average Daily Range
Back to products
Zone Indicator
MT4
Watch video
Click to enlarge

Exponential Moving Average

The EMA Indicator is a popular new forex tool for MT4 that is available for free download. It is a type of moving average that provides more weight to recent price changes, making it more responsive to current market conditions. The EMA indicator works by calculating the average price of an asset over a given period, with more emphasis placed on recent price action. This makes it a useful tool for traders looking to identify trends and changes in market direction.

Trading Style

Indicator Type

Timeframe

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 537

Download now
Description

The Exponential Moving Average, known as the EMA, is a versatile technical tool used across the financial market for trend analysis of an instrument. It is highly responsive to price change, which makes it a popular indicator widely used by forex traders to identify the trend direction, reversal zones, and trade entry/exit zones.

However, it isn’t ideal to be used in isolation to make a trade decision. In other words, the indicator is recommended to be used as a confluence with price action/other indicators to make better decisions.

Features of the Indicator

The Exponential Moving Average Indicator tracks and analyzes the trend condition of an asset by calculating the difference between the data of the previous trading days and that of the current price. Furthermore, it is very responsive to the price, which makes it one of the most used technical indicators incorporated by scalpers and day/intraday forex traders into their trading system.

Finally, the Exponential Moving Average Indicator allows users to customize the parameters to suit their trading styles.

Benefits of the Indicator

a) Determines Trend Direction: The Exponential Moving Average Indicator delivers valuable insight into the trend direction of an instrument. For instance, it depicts a potential bullish move when the price is above the EMA and posits a bullish trend’s strength when the indicator steadily rises.

b) High Responsiveness: The Exponential Moving Average Indicator is very sensitive to changes in the price direction because it uses more recent price data to analyze the market.

c) Determines Entry/exit zones: The Exponential Moving Average Indicator is one of the most widely used indicators to determine an optimal trade entry/exit zone. So, a buy/sell position may be opened when two EMAs of different parameters crossover, especially when the price is at a significant level.

Indicator Settings Description

The indicator comes with the following customizable settings:

MA_Period: This defines the period of the moving average for trend analysis.

Coef: This shows the coefficient value to calculate the correlation between different financial assets.

MA_Shift: This determines the position of the indicator’s line on the chart.

Set price: This sets a price level for trend analysis.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Exponential Moving Average”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Super Trend

The Super Trend indicator for MT4 is a trend-following indicator that defines the market trend.
MT4
Quick view
Add to wishlist

Jebatfx Breakout Trendline

The JebatFX Breakout Trendline Indicator is a new and popular forex indicator available for free on the MT4 platform. It is designed to identify breakout trendline opportunities by plotting trendlines and highlighting breakout signals. The indicator uses complex algorithms to analyze price movements and identify key support and resistance levels to generate trading signals. The JebatFX Breakout Trendline Indicator is user-friendly and easy to use, making it suitable for both novice and experienced traders.
MT4
Quick view
Add to wishlist

Trend Magic

The Trend Magic Indicator is a popular, free forex MT4 indicator that uses a combination of moving averages and filters to identify the trend direction and potential trade opportunities. The indicator appears as a line that changes color according to the current trend direction. The green color indicates a bullish trend, while the red color indicates a bearish trend. It is simple to use and can be a valuable tool for traders to identify potential entry and exit points in the market.
MT4
Quick view
Add to wishlist

Automatic Trendlines

The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
MT4
Quick view
Add to wishlist

Vortex Indicator

,
Identify the beginning of bullish and bearish forex price trends with crossover of the indicator lines with Vortex indicator. Easy identification of trend direction and strength helps to exit early to retain profits as much as possible. Free to use. Download this MetaTrader indicator now.
MT4
Quick view
Add to wishlist

Multi Time Frame

,
Enhance Forex insights with Multi Time Frame Indicator (MTF) for MT4. Analyse 3 timeframes in one chart. Gain a trading edge with trend shifts & support/resistance zones. Optimise entries & exits. Customise settings easily.
MT4
Quick view
Add to wishlist

Heiken Ashi Smoothed

Enhance your trading with the Heiken Ashi Smoothed Indicator, a powerful tool to visualize trends and reduce market noise.
MT4
Quick view
Add to wishlist

Sideways Detector

The Sideways Detector indicator for MT4 displays periods of sideways movement of the price. It is a useful tool for traders of all levels who want to improve their trading performance by staying ahead of market trends. Download for free! Try now.