3D Oscillator Metatrader 4 Forex Indicator
The 3D Oscillator MT4 indicator is a mix of RSI, Stochastic and a tunnel.
This indicator provides oversold and overbought trading signals and fluctuates above and below its zero level.
For reliable and more profitable forex signals, this indicator needs to be combined with a trend-following indicator.
Examples of useful trend-following indicators are: simple moving average, exponential moving average, ADMI,…
This is a very nice forex oscillator indicator for scalping, day trading and swing trading.
The GBP/USD D1 chart below displays the 3D Oscillator forex indicator in action.
Basic Trading Signals
Trading the 3D oscillator goes like this:
Buy Trade: In an up trending market, look for indicator values below -80 and open buy trade when the indicator’s blue line crosses back above the red line from below (oversold market conditions).
Sell Trade: In an down trending market, look for indicator values above +80 and open sell trade when the indicator’s blue line crosses back below the red line from above (overbought market conditions).
Tip: It’s highly recommended to use the 3D oscillator MT4 in conjunction with a trend-following indicator and to trade in the overall trend direction as displayed by the trend-following indicator.
Trend bullish? Only trade oversold 3D oscillator signals
Trend bearish? Only trade overbought 3D oscillator signals.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (D1RSIper, D2StochPer, D3tunnelper, Sigsmooth) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the 3d-oscillator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)