Advanced Get Oscillator Indicator
Platform: MT4 Type: Oscillator Last update: October 7, 2024The Advanced Get Oscillator Indicator is a custom technical analysis tool that consists of oscillator bars and two bands.
The indicator is displayed just below the main trading chart in the form of a histogram that fluctuates above and below the zero level.
Values above zero level reflect a bullish trend, while bars below zero level indicate a bearish trend. If you want to achieve good results, take trades only in the direction of the general market trend.
We suggest to use it as a filter for opening and exiting transactions. Go ahead and add it to your best trading system.
Usage of the advanced get oscillator
Buy Entry: Open long trade, when the indicator bars cross the zero line from the downside. Additionally, when the bars cross above the upper band it means there is a strong uptrend. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade, when the indicator bars cross the zero line from the upside. Additionally, when the bars cross above the lower band it means there is a strong downtrend. Place your stop loss a few pips above the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal appears, or use your own preferred method of trade exit.
