The Squeeze Trend Oscillator MT4 indicator is a trend following colored forex oscillator that works.
It oscillates above and below its zero mark. Histograms above the zero mark are considered bullish while below bearish.
Histograms aligned above the zero mark are colored blue while below red.
We will look for long trade opportunities when the Squeeze Trend Oscillator is colored blue.
Conversely, we will look for sell trade opportunities when the Squeeze Trend Oscillator is colored red.
It is recommended to combine the Squeeze Trend Oscillator together with a longer trend following indicator or with price action techniques for more profitable buy and sell signals.
The indicator can be used for scalping, day trading a swing trading.
The EUR/USD Daily chart below displays the Squeeze Trend Oscillator Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Squeeze Trend Oscillator MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Initiate new buy trade position when the histograms of the Squeeze Trend Oscillator turn blue and the overall trend is bullish.
Sell Signal: Initiate new sell trade position when the histograms of the Squeeze Trend Oscillator turn red and the overall trend is bearish.
Trade Exit: Use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (bol Prd, bol Dev) 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 oscillator
Copy and paste the bbsqueeze-dark.mq4 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)