3D Forex Signals Oscillator For Metatrader 5
The 3D Forex signals oscillator for MT5 is one of my favorite buy/sell trading oscillators for the Metatrader 5 platform.
It’s composed of the RSI and Stochastic technical indicators and delivers pretty accurate buy and sell signals.
- A lime 3D oscillator colored dot represents a buy signal.
- A magenta 3D oscillator colored dot represents a sell signal.
I highly recommend to combine the 3D oscillator for MT5 with one or more trend-following indicators.
For instance, combine with Bollinger Bands, ADMI or moving averages for better performance.
Use the trend indicator to define the overall trend.
Then use the 3D oscillator to trade in the direction of the overall trend. Avoid trading against the overall trend.
Feel free to experiment with the different 3D oscillator parameters and settings.
Use this oscillator for scalping, day trading and swing trading any pair or MT5 symbol of your preference.
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3D Forex Signals Oscillator Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 5 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 3D Forex Signals Oscillator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the 3D Forex signals MT5 oscillators draws a lime colored buy dot on the chart.
Place stop loss 1 pip below immediate support, or use your own stop loss placement method.
Close the buy trade for a reward to risk 1:1 ratio or better, or use your own favorite take profit method for buy trades.
Sell Trigger: Open a sell trade when the 3D Forex signals MT5 oscillators draws a magenta colored sell dot on the chart.
Place stop loss 1 pip above immediate resistance, or use your own stop loss placement method.
Close the sell trade for a reward to risk 1:1 ratio or better, or use your own favorite take profit method for sell trades.
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D1 RSI period, D2 Stoch period, D3 tunnel period, signal smooth, colors, width, style.
The indicator can be used as a stand-alone signals indicator.
It can also be combined with:
- Trading oscillators (MACD, Stochastic, RSI,…)
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT5
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: oscillator
Copy and paste the indicator in the MT5 indicators data folder.
Then restart the MT5 terminal and attach it to any chart.