Oscillators Block
Overview
List of Indicators
- Relative Strength Index
- Average True Range
- Bears Power
- Bulls Power
- Chaikin Oscillator
- Commodity Channel Index
- DeMarket
- Force Index
- Momentum
- Moving Average of Oscillator
- Triple Exponential Average
- Williams Percent Range
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
List of Strategies
- Cross
- Cross (Reverse)
- UP and DOWN
- UP and DOWN (Reverse)
- UP and DOWN (Inside)
– 1. Cross –
BUY SIGNAL = When the Oscillator Indicator crosses Oscillator Buy/Lower Level from Upper to Lower
SELL SIGNAL = When the Oscillator Indicator crosses Oscillator Sell/Upper Level from Lower to Upper
– 2. Cross (Reverse) –
BUY SIGNAL = When the Oscillator Indicator crosses Oscillator Buy/Lower Level from Lower to Upper
SELL SIGNAL = When the Oscillator Indicator crosses Oscillator Sell/Upper Level from Upper to Lower
– 3. UP and DOWN –
BUY SIGNAL = When Oscillator Indicator below your Oscillator Buy/Lower Level
SELL SIGNAL = When Oscillator Indicator above your Oscillator Sell/Upper Level
– 4. UP and DOWN (Reverse) –
BUY SIGNAL = When Oscillator Indicator above your Oscillator Buy/Lower Level
SELL SIGNAL = When Oscillator Indicator below your Oscillator Sell/Upper Level
– UP and DOWN (Inside) –
BUY SIGNAL = When the Oscillator Indicator value is inside both the Oscillator Sell/Upper Lever and the Oscillator Buy/Lower Level
SELL SIGNAL = When the Oscillator Indicator value is inside both the Oscillator Sell/Upper Lever and the Oscillator Buy/Lower Level
Keep In Mind – When you select UP and DOWN (Inside) both BUY SIGNAL and SELL SIGNAL will have the same logic.
Others Inputs
- Oscillator Indicator – Select your indicator. 16 Indicator has this section. you can choose any of then for your signal Indicator
- Oscillator Period – Set indicator period
- Oscillator Method – Set indicator method
- Oscillator Price – Set indicator price
- Oscillator Fast EMA – Indicator fast EMA
- Oscillator Slow EMA – Set fast slow EMA
- Oscillator Volume – Set indicator volume
- Oscillator Buy/Lower Level – Set Your indicator Buy Level
- Oscillator Sell/Upper Level – Set Your indicator Sell Level
- Signal Bars (0-Current Bar) – Select which candle EA considers as a signal. 0 means the current candle, and 1 means the previous candle from the current candle.
NOTE: All indicators don’t need configuring all inputs. For example, if your indicator is RSI (Relative Strength Index) then you don’t need to configure “Oscillator Fast EMA” You can avoid this setting because RSI doesn’t have this setting. The below list will show which indicator uses which inputs.
How to Setup
#Step 1 –
First, you have to active OSCILLATORS INDICATION SECTION to Set from EA’s Input
Active Oscillator = On
#Step 2 –
Select your trading type from Oscillator Signal Type. It should be CROSS TYPE 1, CROSS TYPE 2, or UP and DOWN
#Step 3 –
Select your oscillator indicator from Oscillator Indicator. If you want to use RSI then select Relative Strength Index or if you want CCI then set Commodity Channel Index. You have 16 indicators you can use.
NOTE: Some indicators are not supported on MT4 like the Chaikin Oscillator, and Triple Exponential Moving Averages Oscillator. However, all indicators are supported on MT5
After your indicator selection is done, then configure your indicator. Like Oscillator Period, Oscillator Method, Oscillator Price, etc.
NOTE: All indicators don’t need configuring all inputs. For example, if your indicator is RSI (Relative Strength Index) then you don’t need to configure “Oscillator Fast EMA” you can avoid this setting because RSI doesn’t have this setting.
#Step 4 –
Set your Oscillator Buy/Lower Level for your Buy signal and set your Oscillator Sell/Upper Level for your Sell signal. Always set the lower level as the Buy level and the Upper level as the Sell level.
NOTE – Set your Buy or Sell level as the same as your indicator digit. For example, If you are using RSI you can set BUY/SELL level as 30 or 70 but if you are using ATR then you have to set this way 0.00020 or 0.00070 if you set the ATR value as 20 or 70 then it will not work. Your BUY or SELL level must be set the same way as your oscillator level is drawn on your charts.
