EREMA Signals

Overview

The EREMA Signals indicator is a specialized overlay tool designed to display precise buy and sell signals directly on your price chart. Working as a companion to the main Ehlers Reverse EMA indicator, it brings powerful momentum-based signals to your trading strategy without cluttering your chart with additional indicator panels.

Key Features

On-Chart Signal Visualization: Clear buy/sell arrows appear directly on the price chart
Dynamic Signal Positioning: Signals automatically adjust their distance from price using ATR for optimal visibility
Multiple Signal Types: Choose from three distinct signal generation methods
Clean Chart Interface: Displays only the essential signals, maintaining chart clarity

Signal Types

Zero Cross: Generates signals when the Ehlers Reverse EMA crosses above/below the zero line
MA Cross: Identifies when the Ehlers Reverse EMA crosses its own moving average
Zero & MA Cross: The strictest filter, requiring both zero line and MA crossovers for signal generation

How To Use

Setup

First add the main "Ehlers Reverse EMA" indicator to your chart
Then add this "EREMA Signals" indicator as an overlay
Configure both indicators with identical settings for alpha, MA type, and signal method

Reading Signals

Green Triangles (below price): Buy signals indicating potential upward momentum
Red Triangles (above price): Sell signals indicating potential downward momentum

Trading Applications

Trend Identification: Zero cross signals help identify changes in overall trend direction
Momentum Trading: MA cross signals can identify shorter-term momentum shifts
Confirmation Tool: Use alongside other technical indicators or price action strategies
Multiple Timeframe Analysis: Apply to different timeframes for more robust trading decisions

Best Practices

Consider using longer timeframes (4H, Daily) for more reliable signals
The combined "Zero & MA Cross" setting provides fewer but higher-quality signals
For tighter entries, use the "MA Cross" option in established trends
Adjust the Alpha parameter to match your trading style (lower for longer-term, higher for shorter-term)

This indicator works seamlessly with the main Ehlers Reverse EMA indicator while maintaining a clean chart interface, making it ideal for traders who prefer visual simplicity without sacrificing analytical power.