Introduction to the Advanced Get Oscillator Indicator
The 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.
It fits all kinds of timeframes and currency pairs.
The default indicator settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How does it work? How to apply in trading?
Trading Rules Explanation
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.
As always, to achieve good results, remember about proper money management.
How to set up the Advanced Get Oscillator indicator in MT4?
Copy and paste the advanced-get-oscillator.mq4 or advanced-get-oscillator.ex4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, that goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
Click the link below:
The Advanced Get Oscillator indicator is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.