Author: Codersguru
Hey fellow traders! Today, I want to share an exciting tool that can give your trading strategy a boost—the EMA Prediction Indicator for MetaTrader 5.
This nifty semaphore arrow indicator uses two moving averages (MAs) to help you pinpoint trading signals. Here’s how it works:
- When the fast MA crosses above the slow MA, and the current candlestick is bullish, it signals a buy opportunity.
- Conversely, if the fast MA crosses below the slow MA and the candlestick is bearish, it’s time to consider selling.
This dual-filter approach not only helps you spot potential trades but also enhances the reliability of the signals you receive.
The EMA Prediction Indicator was originally developed in MQL4 and made its debut on the Code Base at mql4.com back on February 26, 2008.
The EMA Prediction Indicator
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