CAO Super Trender Forex Oscillator Indicator For MT4
The CAO Super Trender Forex oscillator generates excellent buy and sell trading signals that works for any MT4 symbol.
It’s based on moving averages with periods set at 32 and 208.
Period 32 for the shorter moving average and period 208 for the longer moving average.
The indicator comes in the form of a colored histogram that appears under the main activity chart.
- A green histogram bar indicates bullish pressure.
- A red histogram bar indicates bearish pressure.
- Easy to follow buy and sell Forex signals, even for beginners.
- Works for scalping, day trading and swing trading.
Learn below how to open buy and sell trades with the Super Trender Forex Oscillator MT4 indicator.
Indicator Example Chart
Here’s an example (AUD/CAD H1 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The CAO Super Trender Forex Oscillator MT4 Forex Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Open a buy trade whenever a green Super Trend Forex oscillator bar appears on the chart.
Set stop loss 1 pip below short-term support, or use your own favorite SL method.
Exit long trade when a red histogram bar pops up on the chart, or use your own favorite take profit method.
Alternatively, close the buy trade for a reward/risk ratio of 1.5 or better, or deploy your own favorite take profit method.
Sell Trigger: Open a sell trade whenever a red Super Trend Forex oscillator bar appears on the chart.
Set stop loss 1 pip above short-term resistance, or use your own favorite SL method.
Exit short trade when a green histogram bar pops up on the chart, or use your own favorite take profit method.
Alternatively, close the sell trade for a reward/risk ratio of 1.5 or better, or deploy your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
Short MA, long MA, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone buy/sell trading system or strategy.
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.