Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Triple EMA Trend Reversal Indicator - Your expertise needed!
Hi guys,
I need two very simple EMA indicators that has been working very well for the backtesting. Although there're false signals but it is very minimal especially on 4-H and daily chart.
Ok here's how:
I've three EMAs shown on a chart; 4-EMA, 9-EMA and 18-EMA. This set of EMAs I've read it from a book found in the early 90s. It mentioned that this set of EMAs is very effective. As I did take a look at past results on the 3 EMAs, I realized it is very true. The main move is when the 4-EMA crossover 9-EMA, and the signal buy or sell will trigger.
Two proposed simple indicators:
Faster signal but slightly riskier
4-EMA moves below 9-EMA would trigger a sell, while 4-EMA moves above the 9-EMA would trigger a buy.
Much safer and accurate signal
4-EMA cross below 9-EMA would trigger a "Standby Signal", when both 4-EMA and 9-EMA cross below the 18-EMA, it will recommend "SELL". The reverse is the same.
Both work well on the 4-H chart as far back as 2003 because the majors are usually fast trending-within-range markets so there're many reversals.
Hope some of you can help! It's useful for sure if discipline and careful SL is implemented.
I need two very simple EMA indicators that has been working very well for the backtesting. Although there're false signals but it is very minimal especially on 4-H and daily chart.
Ok here's how:
I've three EMAs shown on a chart; 4-EMA, 9-EMA and 18-EMA. This set of EMAs I've read it from a book found in the early 90s. It mentioned that this set of EMAs is very effective. As I did take a look at past results on the 3 EMAs, I realized it is very true. The main move is when the 4-EMA crossover 9-EMA, and the signal buy or sell will trigger.
Two proposed simple indicators:
Faster signal but slightly riskier
4-EMA moves below 9-EMA would trigger a sell, while 4-EMA moves above the 9-EMA would trigger a buy.
Much safer and accurate signal
4-EMA cross below 9-EMA would trigger a "Standby Signal", when both 4-EMA and 9-EMA cross below the 18-EMA, it will recommend "SELL". The reverse is the same.
Both work well on the 4-H chart as far back as 2003 because the majors are usually fast trending-within-range markets so there're many reversals.
Hope some of you can help! It's useful for sure if discipline and careful SL is implemented.
Comments are welcome.
You are quite right, I use similar ema as shown in the piccy.
I like to use the MA in Color indy for the EMA 4 (I tend to use 5,9 but will try 18 as well) showing Lime color up move and red color down move.
Ok added this message:
I've tried to put the other two EMAs 4-period and 9-period into the mq4 you gave, but the coding seems to have error. As I have not much knowledge about the editor, probably someone could help me by editing my attachment here. Thanks!
Ok added this message:
I've tried to put the other two EMAs 4-period and 9-period into the mq4 you gave, but the coding seems to have error. As I have not much knowledge about the editor, probably someone could help me by editing my attachment here. Thanks!
Hi Maria !!
I am using 3 ma in my settings too, with very simmilar inputs, but i lower timeframes (15 min and 30 min) Very succesful !
I recommend you to download XPma v.2 indicator from codersguru thread in this forum. Very usefull for my trade !! Just customize xpma colors and settings according your needs.
Ok added this message:
I've tried to put the other two EMAs 4-period and 9-period into the mq4 you gave, but the coding seems to have error. As I have not much knowledge about the editor, probably someone could help me by editing my attachment here. Thanks!
Here you go. It was just an incomplete comment typo.
Here you go. It was just an incomplete comment typo.
Hey thanks. Is it possible to make the 4 EMA and 9 EMA appear in that mq you just edited? Still figuring out myself. but thanks anyway I can still do by adding manually.
Quote:
Originally Posted by fxnewbie
Hi Maria !!
I am using 3 ma in my settings too, with very simmilar inputs, but i lower timeframes (15 min and 30 min) Very succesful !
Ya fxnewbie, I prefer H4 chart as not so volatile.. will try out the xpma. hmmm
i already posted similar system based on the ema14, ema34 and ema50.
i coded 2 indicators for this.
1- 3ema signal v0.1 showing a buy or sell signal when the 3 emas are in order.
2- trendstrength measuring the gap between the three.
hope those indicators fullfill your needs.
Hey thanks looks very good. I've changed the EMAs. I think this indicator works best in a fast trending ranging market.. and it applies to all the majors! But patience is needed.
Linear Mode
