Forex Harmonic Oscillator MT4 Indicator:
About the Forex Harmonic Oscillator MT4 Indicator
Oscillatory price direction indicator for Forex. It has 2 operating modes – trend and scalping. The trend mode of operation allows you to determine the direction of the market movement in the medium term.
The scalping mode works by determining the price movement in the short term.
Consists of a blue line, from which the balance between the directions of the price and signal green / red line.
The green line shows the direction of the price up, and the red line shows the direction of the price down.
It has the only changeable parameter – Signal Line Period. The rest of the parameters are already configured for use.
It is recommended to use two modes for trading.
It can work on any timeframes and trading pairs. Not redrawn.
- Method Calculating – Calculation option (trend / scalping)
- Signal Line – Signal line period (from 5)
- Number Bars – Number of indicator bars on the chart
Copy and paste the file 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)