The first step to trading any successful trend based strategy is to find the direction of the market! The 200 period EMA (Exponential Moving Average) is an easy to read indicator for this purpose. Traders can add this indicator to any graph with the intent of finding if price is above or below the average. If price is above the EMA, traders can assume that the trend is up while looking to initiate new buy orders. Below, we can see a 5minute gbpjpy chart accompanied with the 200 period EMA.