Simple Decycler Oscillator Metatrader 4 Forex Indicator

The Simple Decycler Oscillator is a great forex oscillator indicator, written for the MT4 platform.

The indicator consists of two colored crossing lines.

It’s a typical forex crossover system.

  • A buy signal occurs when the blue line crosses above the gray line from below. The trend is heading up in this case.
  • A sell signal occurs when the brown line crosses below the gray line from above. The trend is heading down in this case.
  • It’s recommended to combine the Simple Decycler Oscillator with other technical indicators or price action techniques.

Free Download

Download the “Simple Decycler Oscillator.mq4” MT4 indicator

Example Chart

The EUR/JPY M15 chart below displays the Simple Decycler Oscillator Metatrader 4 forex indicator in action.

Basic Trading Signals

Signals from the Simple Decycler Oscillator MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Initiate a buy order when the blue Simple Decycler Oscillator line crosses above the gray line from below.

Place a stop loss 2-3 pips below the most recent support or use your own preferred SL method.

Sell Signal: Initiate a sell order when the brown Simple Decycler Oscillator line crosses below the gray line from above.

Place a stop loss 2-3 pips above the most recent resistance level or use your own preferred SL method.

Download

Download the “Simple Decycler Oscillator.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (slow high pass period, slow high pass multiplier, fast high pass period, fast high pass multiplier, price) Width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly

Type: oscillator

Installation

Copy and paste the Simple Decycler 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)

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