The Advanced Get Oscillator MT4 indicator fluctuates above and below its zero level (0.0).
Bars above the zero line are considered to be bullish and currency traders look for buy opportunities.
Bars below the zero line are considered to be bearish and currency traders look for sell opportunities.
The indicator delivers good results if used together with a trend-following indicator such as a moving average or the ADMI trading indicator.
When used together with a trend-following indicator, trade in the direction of the trend as indicated by the trend following indicator.
For example, when the trend is bullish, only take buy trades from the Advanced Get Oscillator (above the zero level).
When the trend is bearish, only take sell trades from the Advanced Get Oscillator (below the zero level).
The indicator is extremely beginner friendly and self explanatory.
The EUR/USD H1 chart below displays the Advanced Get Oscillator forex indicator in action.
Basic Trading Signals
Trading the Advanced Get Oscillator goes as follows:
Buy Trade: Open buy order when the purple bars of the advanced get oscillator turn back above the zero line from below (bullish territory).
Sell Trade: Open sell order when the purple bars of the advanced get oscillator turn back below the zero line from above (bearish territory).
Close the open trade at an opposite signal or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
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
Copy and paste the advanced-get-oscillator.mq4 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)