Forex EMA200 indicator alert MT4 Indicator:
About the Forex EMA200 indicator alert MT4 Indicator
Exponential moving average 200 indicator alert. This indicator alert scans all of your chosen charts in metatrader, by determined time zones. This alert works with all currencies, main world indices and with Oil (brentOil). For every symbol there’s an approach ratio warning which has been verified and checked for a long time. This indicator alert warning saves you a lot of trading time, because you don’t need to walk through charts all day and look for entry points to a position, you always get an automatic alert when the chart is approaching EMA200 and you can track when to enter a position or place a buy/sell order. The world’s largest banks work according to this average, so when the graph approaches the average, in most cases you can see a strong movement in the direction you need. This average works best at the 30-minute, 1-hour, and 4-hour time zones, but you can use on all time frames.
Once you have placed the indicator on the trading platform, all you have to do is set the 200 average, color, line thickness and in which time zones you want to be sent alerts about approaching the average. The warning works best when you have symbols enabled in separate trading windows, such as GBP / USD pairs in 3 windows. GBP / USD 4h, GBP / USD 1h / GBP / USD 30min, then the algorithm sends the most accurate approach warnings.
The indicator does not automatically open positions and does not automatically place arrows on the chart.
Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)