The Delta Oscillator for MT4 is a profitable trend-following signals indicator that’s easy to trade for anyone.
The indicators appears in a separate trading window underneath the main Metatrader 4 chart.
The indicator draws red bullish bars above and red bearish bars below the zero level (0.00).
The Delta Oscillator works well for any currency pair and can be traded on its own or together with a longer-term trend indicator.
For example, combine with the 150 simple moving average or 100 exponential moving average.
The indicator also works very well with price action techniques (support/resistance, pin bar,..).
Key Takeaways
- Delta indicator bars below the zero level indicate bearish pressure.
- Delta indicator bars above the zero level indicate bullish pressure.
- Works perfectly for any trade style (scalping, day trading, swing trading).
Feel free to explore the Delta Oscillator MT4 indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “delta-indicator.ex4” Metatrader 4 indicator
Indicator Example Chart (AUD/JPY M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Delta Oscillator Signals MT4 Indicator
Buy Signal: Go long whenever the Delta MT4 Oscillator indicator prints its first bullish bar (above the zero level) on the chart.
Place your stop loss below swing low support, or use your own favorite SL method.
Exit buy trade when the red bars turn back below the zero level, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target or at a round number.
Sell Signal: Enter short trade whenever the Delta MT4 Oscillator indicator prints its first bearish bar (below the zero level) on the chart.
Place your stop loss above swing high resistance, or use your own favorite SL method.
Exit the sell trade when the red bars turn back above the zero level, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed profit target or at a round number.
Download This Forex Indicator Now
Download the “delta-indicator.ex4” MT4 indicator
Adjustable Parameters
Period, period signal, period smooth, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend oscillator
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
