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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