The Vortex Oscillator for Metatrader 4 can be classified as a buy/sell technical oscillator that works for both trade entries and exits.
The indicator pops up in a separate MT4 chart window as an array of brown colored histogram bars that provide the actual trading signals.
Feel free to use the indicator as a standalone Forex signals tool or combine it with other technical indicators.
Buy & sell signal:
- A buy trade is give when the Vortex oscillator bars turn back above the zero level.
- A sell trade is given when the Vortex oscillator bars turn back below the zero level.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Indicator Example Chart (AUD/USD H1)
The example below shows the Vortex Oscillator mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (length period), color settings & style
Indicator type: Oscillator
How to install the Vortex Oscillator in Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.