Watch the testing video here:
Forex Super EMA Indicator
The Super EMA MT4 forex indicator consists of a fast EMA and slow EMA (exponential moving average).
A rising Super EMA represents an uptrending market. Forex traders look for buy trade opportunities.
A declining Super EMA represents a downtrending market. Forex traders look for sell trade opportunities.
Trading the indicator:
Don’t use the indicator in isolation, instead combine with other technical indicators.
For instance, use together with the 100 EMA or 100 SMA. This creates a typical moving average crossover system.
- Buy the forex pair when the shorter period moving average crosses above the longer period moving average from below.
- Sell the forex pair when the shorter period moving average crosses below the longer period moving average from above.
Feel free to experiment with the default Super EMA indicator parameters.
The GBP/USD 1-Hour chart below displays the Super EMA Metatrader 4 indicator in action.
Share this on: