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EMA Angle

Do you want to enter good risk reward ratio trades? EMA Angle MT5 Indicator provides trend reversal buy and sell forex trading signals at extreme levels. Download this indicator to get profitable forex trading resutls.

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Description

The EMA Angle MT5 indicator is an oversold and overbought forex technical analysis indicator. It provides buy and sell trading signals once the indicator deviation angle exceeds a pre defined threshold.

Features of EMA Angle MT5 Indicator

The indicator plots the histogram in multiple colors. Green and magenta indicate the EMA within the pre defined threshold levels. However a highlighted green and magenta indicate the EMA levels exceeding the threshold.

Additionally, the upper threshold line is in magenta and the lower one is blue. In an uptrend if the EMA values move above the upper threshold magenta line, the histogram bars highlight in green. This indicates that the bullish market has reached a potential top and price is expected to reverse. So, traders should wait for the indicator to move below the threshold line and enter a sell trade.

Similarly, if the EMA histogram bars move lower and exceed the lower threshold blue line the histogram bars changes to highlighted color. Traders should anticipate a price reversal and wait for the EMA to move higher above the threshold line and enter a buy trade.

Benefits of EMA Angle MT5 Indicator

The indicator slope helps traders to identify the trend direction and its strength. Moreover, the price reversal from the threshold levels indicates potential trend exhaustion point. So, this indicator is beneficial for new and advanced forex traders to trade the market successfully in multiple ways.

Moreover, entering a buy or sell trade at the extreme trend reversals using this indicator provides a good risk reward ratio. However, traders should wait for confirmation of price reversal before entering such trades.

Indicator Settings Description

EMAPeriod: Period for EMA calculation.

MAType, MAPrice: Type of moving average and price type.

AngleTreshold: Minimum deviation angle.

StartEMAShift, EndEMAShift: Starting and ending point to calculate the shift.

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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.

 

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