Winner Oscillator Metatrader 4 Indicator
The Winner Oscillator indicator oscillates between 0.00 (oversold) and 105 (overbought) values depending upon market conditions. Red bars suggest bearish pressure and green bars bullish pressure. It’s recommended to use this oscillator in conjuction with trend following indicators to trade in the direction of the overall trend.
Up trends: look to buy near the 0.00 level at the first green bar. Down trends: look to sell near the 105 level at the first red bar.
Buy: Wait for the first green bar to appear near the 0.00 level (oversold).
Sell: Wait for the first red bar to appear near the 105 level (overbought).
Currency pairs: any
Preferred Time frames: 1 min and up
Configurable Indicator Options
Colors, Period, Average