The Corrected Wilder EMA indicator for Metatrader 5 represents a super easy to use Forex system that provides accurate trade entry and exit signals.
The indicator pops up in the main chart as two colored lines that create the actual buy and sell signals.
How to interpret the Corrected Wilder EMA technical indicator?
- A bullish trend occurs when the green colored signal lines appear on the main chart.
- A bearish trend occurs when the red colored signal lines appear on the main chart.
The following indicator inputs and parameters can be modified: average period, price, correction period.
The Corrected Wilder EMA indicator works for any trading instrument that can be loaded in the Metatrader 5 platform.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
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Corr Wilder EMA (vra).mq5 Indicator (MT5)
Chart Example
The following chart shows what the Corrected Wilder EMA indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Corrected Wilder EMA Forex Indicator?
Find a simple trading example below:
Buy Signal
- The green colored Corrected Wilder EMA signal line is a buy signal.
- Open a buy trade and place your stop loss 3 pips below the thick green colored line.
- Close the buy trade for 10-30 pips profit, or wait for a sell signal.
Sell Signal
- The red colored Corrected Wilder EMA signal line is a sell signal.
- Open a sell trade and place your stop loss 3 pips above the thick red colored line.
- Close the sell trade for 10-30 pips profit, or wait for a buy signal.
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Corr Wilder EMA (vra).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 Corr Wilder EMA (vra).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