The Ahoora Forex trend oscillator MT4 indicator is an awesome trend-following Forex indicator that works similar to its Ahoora sniper on chart version.
The trading rules are exactly the same for both versions.
The Ahoora oscillator draws a green and red signal line a sub MT4 window.
- A green colored signal line represents a buy signal.
- A red colored signal line represents a sell signal.
It’s up to you which Ahoora version you prefer to trade with.
Use it for scalping, day trading and swing trading purposes.
Feel free to experiment the different input parameters.
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Ahoora Forex Trend 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 Ahoora Forex Trend Oscillator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the Forex pair when the Ahoora Forex Trend Oscillator indicator draws a green signal line in the MT4 sub-window.
Place a stop loss 3 pips below short-term support, or use your own stop loss placement method.
Take profit when the signal lines turns back to red (bearish trend reversal), or deploy your own take profit method.
Sell Trigger: Sell the Forex pair when the Ahoora Forex Trend Oscillator indicator draws a red signal line in the MT4 sub-window.
Place a stop loss 3 pips above short-term resistance, or use your own stop loss placement method.
Take profit when the signal lines turns back to green (bullish trend reversal), or deploy your own take profit method.
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MA method, look back, 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: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: scalping
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.