CounterTrend Ema V1 - MetaTrader 5 Script - MT4/MT5 Resources
MT5 Alert Indicator
Please add Ema moving averages 60/100/200 and Rsi period 10 levels 30/70 to your chart.
This indicator alerts on trend reversal strategies
- EMA 60 > 100&200
- moving average 100 < 200
Rsi below 30
buy signal
Use this strategy in conjunction with larger time frame trends in the same direction.
This strategy identifies excellent entry opportunities into early trends.
Attachment download
📎 ema_countertrend_v1.1.mq5 (7.92 KB)
Source: MQL5 #52138
CounterTrend Ema V1 - MetaTrader 5 script usage and filtering suggestions
CounterTrend Ema V1 - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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