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Fish Oscillator Indicator For MT4

    The Fish Oscillator Forex indicator for Metatrader 4 identifies bullish and bearish short-term price developments and works great for scalpers.

    The indicator oscillates above and below the 0.00 level in a bottom chart window.

    It’s recommended to combine this indicator with a trend-following technical indicator and only scalp in the direction of the underlying trend.

    Buy & sell signal:

    • Open a buy trade when the Fish oscillator turns back above the zero level from below.
    • Open a sell trade when the Fish oscillator turns back below the zero level from above.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the ifish-indicator.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the Euro / U.S. Dollar chart.

    How to install the Fish Oscillator indicator to your Metatrader 4 platform?

    • Download the ifish-indicator.mq4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration