EMA-Crossover_Signal - MetaTrader 5 Script - MT4/MT5 Resources
Real author:
Jason Robinson(jnrtrading)
The simplest semaphore signal indicator based on moving averages with different periods. This indicator is best used only in trending markets, as using it in flat markets will be unprofitable due to a large number of false triggers.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 9, 2007.
Figure 1 EMA-Crossover_Signal indicator
Attachment download
📎 ema-crossover_signal.mq5 (7.58 KB)
Source: MQL5 #1548
EMA-Crossover_Signal - MetaTrader 5 script usage and screening suggestions
EMA-Crossover_Signal - 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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