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Oscillator 3.0

Metatrader Indicator (MT4)

  • Overview

    The Oscillator 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
  • 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 trend calculation.
    Averaging
    Period for the moving averages.
  • ? 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

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

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