Vortex Oscillator Forex Indicator for MT4

Vortex Oscillator Forex Indicator MT4 Free Download

MT4 Free Download

Introduction to the Vortex Oscillator Forex Indicator

The Vortex Oscillator Forex Indicator is a variation of the well-known Vortex Indicator, but its signals are displayed in the form of an oscillator line. Obviously, when the indicator’s values are above 0, the trend-momentum is considered bullish. Similarly, when these values are below 0, the trend-momentum is considered bearish. It’s better to use that gauge with other technical analysis tools.

The Vortex Oscillator Forex Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

Vortex Oscillator Indicator Anatomy

Vortex Oscillator: Buy Signal

Follow these steps for a long trade:

Values of the Vortex Oscillator switches from negative to positive
Open buy trade at the triggering candle
Set stop loss a few pips below the most recent market low point
Take profit after reaching at least 1:1+ risk reward ratio

Vortex Oscillator Indicator Example of Buy Trade

Vortex Oscillator: Sell Signal

Follow these steps for a short trade:

Values of the Vortex Oscillator switches from positive to negative
Open sell trade at the triggering candle
Set stop loss a few pips above the most recent market high point
Take profit after reaching at least 1:1+ risk reward ratio

Vortex Oscillator Indicator Example of Sell Trade

How to set up the Vortex Oscillator Forex Indicator in MetaTrader (MT4)?

Installation Guide

Download the Vortex Oscillator.rar archive at the bottom of this post, unpack it, then copy and paste the Vortex Oscillator.ex4 or Vortex Oscillator.mq4 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, which 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.

Vortex Oscillator Indicator in MT4 Trading Platform Navigator

Summary Of That Forex Indicator

The Vortex Oscillator Forex indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.