The DTOSC Forex Oscillator indicator for MT4 searches for high probability trades with the help of RSI and Stochastic.
It also shows you oversold and overbought market conditions. The value 100 is considered overbought while 0 is considered oversold.
Trading with the DTOSC indicator is straightforward and easy. Just follow the buy and sell rules written more down below.
Attach the DTOSC Forex Oscillator indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A buy trend occurs when the red DTOSC signal line crosses the blue signal line upward.
- A sell trend occurs when the blue DTOSC signal line crosses the red signal line upward.
- No repaint Forex indicator.
- Works for any currency pair and time frame.
Feel free to explore the DTOSC Forex Oscillator indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “dt-oscillator.ex4” Metatrader 4 indicator
Indicator Example Chart (GBP/USD H4 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 DTOSC Forex Oscillator MT4 Indicator
Buy Signal: Execute a buy trade when the red signal line crosses above the blue signal line and the DTOSC indicator is trading around the “0” oversold value.
Set your stop loss 1-3 pips below immediate support or nearest consolidation, or use your own favorite stop loss method.
Close the buy trade whenever the blue signal line crosses back above the red signal line and the DTOSC indicator is trading near the “100” overbought value, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target.
Sell Signal: Execute a sell trade when the blue signal line crosses above the red signal line and the DTOSC indicator is trading around the “100” overbought value.
Set your stop loss 1-3 pips above immediate resistance or nearest consolidation, or use your own favorite stop loss method.
Close the sell trade whenever the red signal line crosses back above the blue signal line and the DTOSC indicator is trading near the “0” oversold value, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed profit target.
Download This Forex Indicator Now
Download the “dt-oscillator.ex4” MT4 indicator
Adjustable Parameters
Time frame, period RSI, period Stochastic, period SK, period SD, MA mode, 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.
