Ahoora Oscillator Forex Indicator is a momentum based trading indicator and can be used alone to make profitable trading decisions. You can make it a trend following indicator by taking trades only in the direction of the trend. Taking trades in the direction of the trend will increase your probability of winning. This indicator is designed in such a way that it can be used to trade in multiple time frames.
When you install Ahoora Oscillator indicator in your trading platform, your chart should look like this:
Ahoora Oscillator is an oscillator which is in the indicator window. Ahoora Oscillator indicator changes its color as per the trend of the market. When the market is bullish this indicator is green and when market is bearish this indicator is red. Be careful with the major trend of the market. You should always make sure that you don’t trade against the major trend of the market. Although this indicator can be used in any time frame I prefer to use it on M15, H1, and H4.
Buying Conditions Using Ahoora Oscillator.
Market should be up trending.
Market should be bouncing from the recent swing low.
Ahoora Oscillator indicator should be green.
Place your long position when all of the above conditions are met.
Place your stop loss just below the recent swing low.
Take your profit when Ahoora Oscillator turns red.
Selling Conditions Using Ahoora Oscillator.
Market should be down trending.
Market should be falling from the recent swing high.
Ahoora Oscillator indicator should be red.
Place your short position when all of the above conditions are met.
Place your stop loss just above the recent swing high.
Take your profit when Ahoora Oscillator turns green.
Forex Indicators Download – Instructions
Ahoora Oscillator Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Ahoora Oscillator Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install Ahoora Oscillator Forex Indicator.mq4?
- Download Ahoora Oscillator Forex Indicator.mq4
- Copy Ahoora Oscillator Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Ahoora Oscillator Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Ahoora Oscillator Forex Indicator.mq4 is available on your Chart
How to remove Ahoora Oscillator Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Download Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
Click The Link Below To Download: