The 3D Oscillator Metatrader 5 forex indicator is an oscillator that spawns market entries and exits based on the Commodity Channel Index (CCI) and Relative Strength Index (RSI) technical indicators.
The indicator functions in a visually appealing manner by the way of colored dots.
The colored dots (lime and magenta) pops out within the indicator window when the lines (orange and corn flower blue) intersect.
Although the 3D Oscillator MT5 forex indicator is seen to oscillate around the zero level, a large chunk of its activities takes place below the zero level.
The AUD/USD H1 chart below displays the 3D Oscillator Metatrader 5 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the lime dot of the 3D Oscillator indicator pops up within the indicator window (usually below the intersection of the orange and corn flower blue lines).
Sell Signal: Go short when the magenta dot of the 3D Oscillator indicator pops up within the indicator window (usually above the intersection of the orange and corn flower blue lines).
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the magenta dot of the indicator pops up above the intersection of the orange and corn flower blue lines.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the lime dot of the indicator pops up below the intersection of the orange and corn flower blue lines.
Tips: The 3D Oscillator MT5 forex indicator is recommended for scalping and should be used in combination with other technical indicators as filters.
MT5 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 5
Type: chart window indicator
Customization options: Variable (D1RSIPer, D2StochPer, D3tunnelPer, hot, sigsmooth), Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the 3d_oscilator.ex5 indicator into the MQL5 indicators folder of the Metatrader 5 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Indicators (paste here)