Forex Zero based Spread Oscillator MT4 Indicator

Forex Zero based Spread Oscillator MT4 Indicator:

About the Forex Zero based Spread Oscillator MT4 Indicator

This is the most useful tool that the spread trader could want, it is possible to insert 2 instruments at will, so not necessarily one of the two must be the symbol on which it is placed.
Unlike many others available on the net, this is a true oscillator that floats around zero, this allows you to use it in the most classic way, that is, for spread trading, but also allows the possibility to identify any divergences or to follow the trend on the to be born.
The indicator buffers are fully accessible from a possible EA.
The calculation algorithm is selectable from the options.
Ache the period and the deviation of the bands is customizable.
Also on the graph you will have the signal arrows that can be useful for the study of your strategy.

Test results:

Forex Zero based Spread Oscillator MT4 Indicator

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)

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