The Ehlers Predictive Moving Average Signal indicator for Metatrader 5 delivers precise trading signals for Forex scalpers.
The indicator consists of colored moving averages that predict future currency trends.
- A green colored predictive moving average signals a bullish trend.
- A red colored predictive moving average signals a bearish trend.
The Ehlers predictive indicator responds fast to price changes and suits scalpers looking for 5-15 pips per trade.
The following indicator inputs can be modified to suit your preferences: style and colors.
Make yourself familiar with this solid technical indicator and test it first on a demo account.
It supports all time frames and Forex pairs.
Download Indicator 🆓
EhlersPredictiveMovingAverage.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Ehlers Predictive Moving Average Signal Forex indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Ehlers Predictive Moving Average Signal Indicator?
Find a simple trading example below:
Buy Signal
- A bullish signal occurs as soon as the yellow colored predictive MA line appears on the chart.
- Open a buy transaction and place your stop loss below immediate support.
- Close the buy trade for a fixed take profit target (for example, 12 pips on the 5-minute chart).
Sell Signal
- A bearish signal occurs as soon as the red colored predictive MA line appears on the chart.
- Open a sell transaction and place your stop loss above immediate resistance.
- Close the sell trade for a fixed take profit target (for example, 7 pips on the 1-minute chart).
Download Now 🆓
EhlersPredictiveMovingAverage.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the EhlersPredictiveMovingAverage.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration