3D Oscillator V2 Forex Indicator For Metatrader 4
The 3D Forex oscillator for MT4 provides accurate overbought and oversold trading signals for any currency pair and time frame.
3D Stochastic oscillator overbought and oversold signals work as follows:
- Price is considered overbought when the 3D oscillator reaches the +120 value.
- Price is considered oversold when the 3D oscillator reaches the -120 value.
It’s highly recommended to mix the 3D oscillator up with trend trading indicators, such as the 100 period EMA, 200 period SMA, Bollinger bands,…
Trade in agreement with the overall trend.
When the overall trend is upward, only trade the oversold 3D oscillator signals.
Vice versa, when the overall trend is downward, only trade the overbought 3D oscillator signals.
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3D Forex oscillator Indicator Chart
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
You can apply the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Triggers With 3D Forex oscillator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Initiate buy position when the 3D Forex oscillator MT4 indicator reaches the -120 oversold value and then turns back above. The overall trend needs to be upward.
Place stop loss below the most recent support, or use your own stop loss strategy.
Exit the buy trade when the 3D oscillator reaches the +120 overbought territory, or exit the buy trade at a fixed profit target of 1:1 reward:risk or better.
Sell Trigger: Initiate sell position when the 3D Forex oscillator MT4 indicator reaches the +120 overbought value and then turns back below. The overall trend needs to be downward.
Place stop loss above the most recent resistance, or use your own stop loss strategy.
Exit the sell trade when the 3D oscillator reaches the -120 oversold territory, or exit the sell trade at a fixed profit target of 1:1 reward:risk or better.
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D1RSI period, D2 Stochastic 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:
- Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
- Price action methods and techniques
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.