Oscillator 4.0

Metatrader Indicator (MT4/MT5)

  • Overview

    This is a smooth and responsive accelerometer which reveals the market trend and strength.

    • Two moving averages indicate trend direction
    • The histogram represents strength of the price movement
    • It draws buy and sell zones as colored vertical lines
    • Should be used as a confirmation indicator
    • Customizable line widths and colors
    • It implements alerts of all kinds

    This indicator is similar to MACD but aims to react faster to price changes.

  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Period
    Period in bars for the oscillator
    Averaging
    Averaging period for the oscillator
    Max History Bars
    Amount of past bars to evaluate upon loading
    Display Zones
    Enable or disable vertical buy and sell zones
    Alerts
    Enable or disable alerts of all kinds
  • ? FAQ
    Does the indicator repaint?
    No, it does not.
    How can I confirm trend trades with the oscillator?
    You can go long if the fast moving average is above the slow moving average, and the opposite for shorts, provided your entry strategy is based on price action.
    What are the alerts for?
    Alerts are rised on buy and sell zones.
  • Comments

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Screenshots

Oscillator Indicator for Metatrader
Oscillator Indicator for Metatrader
Oscillator Indicator for Metatrader
Oscillator Indicator for Metatrader
Oscillator Indicator for Metatrader