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5-34-5 Trading Oscillator Metatrader 4 Forex Indicator

    The 5-34-5 Trading Oscillator for MT4 provides easy to read oscillator based trading signals for any currency pair.

    The trend is considered to be short-term bullish above the zero level of the 5-34-5 trading oscillator.

    The trend is considered to be short-term bearish below the zero level of the 5-34-5 trading oscillator.

    Signal Trading:

    The 5-34-5 trading oscillator consists of two signal lines, a red and blue one.

    The crossover of both signal lines creates buy and sell forex signals.

    • When the red signal line crosses the blue signal line from below, this creates a buy trade signal
    • When the red signal line crosses the blue signal line from above, this creates a sell trade signal

    Free Download

    Download the 5-34-5-oscillator.ex4” MT4 indicator

    Example Chart

    The EUR/USD M5 chart below displays the 5-34-5 Trading Oscillator Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the 5-34-5 Trading Oscillator Metatrader 4 forex indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy trade position when the red signal line crosses the blue signal line from below and the 5-34-5 trading oscillator is trading above its zero level.

    Sell Signal: Open sell trade position when the red signal line crosses the blue signal line from above and the 5-34-5 trading oscillator is trading below its zero level.

    Trade Exit: Close the open trade position when an opposite signal occurs, or use your own method of trade exit.

    Download

    Download the 5-34-5-oscillator.ex4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern indicator

    Customization options: Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Trend

    Installation

    Copy and paste the 5-34-5-oscillator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)