Profitable ARY Forex Oscillator Indicator For Metatrader 4
The ARY oscillator for MT4 is a simple, yet profitable buy/sell Forex indicator that works for scalping, day trading and swing trading.
The ARY Forex oscillator consists of two colors, green and red.
- The trend is considered bullish when the ARY oscillator draws a green histogram above its zero level.
- The trend is considered bearish when the ARY oscillator draws a red histogram below its zero level.
You can use the oscillator as a standalone buy/sell FX trading system or combine it with additional trading indicators and/or price action techniques.
Feel free to experiment with the ARY oscillator’s different settings and parameters to suit your preference.
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ARY Forex 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 ARY Forex Oscillator Technical Analysis Chart Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade when the ARY Forex oscillator’s histogram bars turn back to green color. The trend is now upward.
Place initial stop loss below previous support, or use your own stop loss placement method.
Close the buy trade when the histogram bars turn back to red color.
Alternatively, take profit at predetermined profit target (for example 30 pips on the M15 chart) or deploy reward/risk ratio of 1.5 or better.
Sell Trigger: Open a sell trade when the ARY Forex oscillator’s histogram bars turn back to red color. The trend is now downward.
Place initial stop loss above previous resistance, or use your own stop loss placement method.
Close the sell trade when the histogram bars turn back to green color.
Alternatively, take profit at predetermined profit target (for example 20 pips on the M5 chart) or deploy reward/risk ratio of 1.5 or better.
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Period, 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: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.