AKF Trend Oscillator Indicator For MT4
The AKF trend oscillator can help you to pinpoint buy and sell entries in any market trend condition.
The AKF oscillator has -1 and 1 extreme oversold/overbought market values.
- The 1 value tells you that the market is extremely overbought.
- The -1 value tells you that the market is extremely oversold.
It’s important to trade this indicator in agreement with the trend.
So, you will need to combine it with a trend-following indicator in order to maximize profits.
- In an uptrending market, look to buy when the AKF indicator trades near the -1 value.
- In a downtrending market, look to sell when the AKF indicator trades near the +1 value.
Use it for scalping, day trading and swing trading purposes.
Feel free to experiment the different input parameters.
Download This MT4 Forex Indicator Free
AKF 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 AKF 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 AKF MT4 oscillator trades in the oversold region near -1 and the overall trend is bullish.
Place a stop loss 3 pips below support, or use your own stop loss placement method.
Take profit at previous swing high resistance, or deploy your own take profit method.
Sell Trigger: Sell the Forex pair when the AKF MT4 oscillator trades in the overbought region near +1 and the overall trend is bearish.
Place a stop loss 3 pips above resistance, or use your own stop loss placement method.
Take profit at previous swing low support, or deploy your own take profit method.
Download This Forex Indicator Now
History, colors, width, style.
- 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: overbought/oversold oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.