Forex SFT Simple Trend Oscillator MT4 Indicator:
About the Forex SFT Simple Trend Oscillator MT4 Indicator
Trend directional oscillator with additional flat filtering
It helps to quickly navigate when changing the direction of price movement and is painted in the appropriate color
You can conduct trend and counter trend trade
It works on all timeframes, on any currency pairs, metals and cryptocurrency
Can be used when working with binary options
- Not redrawn;
- Flat filtering – when the histogram is in the yellow zone;
- Simple and clear settings;
- It works on all timeframes and on all symbols;
- Suitable for trading currencies, metals, options and cryptocurrency (Bitcoin, Litecoin, Ethereum, etc.);
- Suitable for manual trading and for developing advisers;
For more accurate inputs and additional confirmation signals can be used in conjunction with other indicators.
- Simple Trend Oscillator Period – indicator calculation period;
- When crossing the zero line and dyeing the indicator red, only a Sell or Put position is considered for opening (for options)
- When crossing the zero line and dyeing the indicator blue, only a Buy or Call position is considered for opening (for options)
- The trade direction should correspond to the trend direction on a higher timeframe.
- Well proven in collaboration with the free indicator SFT Bullet Arrow
There are other options, in the process of trading you can develop the most convenient tactics for you.
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)