The Super DTOSC Forex Signal MT4 Indicator is an enhanced version of the custom DTOSC Forex indicator.
This version works excellent for both scalping and day trading purposes.
Its signals are found to be profitable and you’ll be able to execute short-term trades multiple times a day.
It’s advised to trade the low spread currency pairs for maximum performance.
The Super DTOSC MT4 indicator shows you oversold and overbought market conditions. The value 100 is considered overbought while 0 is considered oversold.
For the ease of use, the indicator draws all buy and sell arrows on the chart.
Attach the Super DTOSC Forex Signal indicator onto the Metatrader 4 chart and start trading with it in minutes.
Key Takeaways
- A green circled arrow represents a buy signal.
- A red circled arrow represent a sell signal.
- Does not repaint any buy/sell arrows on the chart.
- Works great for scalping and day trading on any time frame.
Feel free to explore the Super DTOSC Forex Signal indicator’s different parameters and settings to create your own personalized indicator setup.
Download This MT4 Forex Indicator Free
Download the “dtosc-indicator.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 Super DTOSC Forex Signal MT4 Indicator
Buy Signal: Execute a buy trade when the Super DTOSC MT4 indicator prints a green circled arrow on the chart.
Set your stop loss 1-3 pips below immediate support, or use your own favorite stop loss method.
Close the buy trade whenever the Super DTOSC indicator prints a red circled arrow on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target, for example, +30 pips on the M15 chart.
Sell Signal: Execute a sell trade when the Super DTOSC MT4 indicator prints a red circled arrow on the chart.
Set your stop loss 1-3 pips above immediate resistance, or use your own favorite stop loss method.
Close the sell trade whenever the Super DTOSC indicator prints a green circled arrow on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed profit target, for example, +18 pips on the M5 chart.
Download This Forex Indicator Now
Download the “dtosc-indicator.ex4” MT4 indicator
Adjustable Parameters
Time frame, period RSI, period Stochastic, period SK, period SD, smooth period, smooth phase, show arrows, 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
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
