EMA CROSSOVER SIGNAL - VertexFX Indicator

EMA CROSSOVER SIGNAL is a powerful trending indicator that provides precise entry and exit signals based upon the Exponential Moving Averages.

As the name suggests, this indicator has two components - the fast moving Exponential Moving (Average calculated using MA_FAST period), and the slow moving Exponential Moving Average
calculated using the MA_SLOW period.
The BUY signal is triggered when the fast moving EMA crosses above the slow moving EMA. Similarly, the SELL signal is triggered when the fast moving EMA crosses below the slow moving EMA. The concept behind this indicator is that the fast moving EMA responds faster to the trends as compared to the slower EMA. Hence, as the market is rising, the faster EMA will move upwards earlier than the slower EMA, and thus a BUY signal is generated. When the trend weakens, both EMAs are nearly identical and hence the market has reached exhaustion.
When the price starts falling down, the fast moving EMA once again responds faster to this fall, and goes below the slow EMA and a SELL signal is generated.
BUY - Enter BUY trade when BUY arrow is displayed at the close of the candle. Do not enter trade if a gap-up is observed. Place the stop-loss slightly below the nearest swing low.
SELL - Enter SELL trade when SELL arrow is displayed at the close of the candle. Do not enter the trade if a gap-down is observed. Place the stop-loss slightly above the nearest swing high.
<span style="color: rgb(51, 51, 51); background-color: rgb(250, 250, 250);">https://www.youtube.com/watch?v=z4jqScU_WQA