REGISTER PARTICIPANTS Indicator Harmonic Oscillator Mt4

Harmonic Oscillator

#harmonicoscillator



Oscillatory price direction indicator for Forex. It has 2 operating modes - trend and scalping. The trend mode of operation allows you to determine the direction of the market movement in the medium term.
The scalping mode works by determining the price movement in the short term.
Consists of a blue line, from which the balance between the directions of the price and signal green / red line.
The green line shows the direction of the price up, and the red line shows the direction of the price down.
It has the only changeable parameter - Signal Line Period. The rest of the parameters are already configured for use.
It is recommended to use two modes for trading.
It can work on any timeframes and trading pairs. Not redrawn.

Input parameters

• Method Calculating - Calculation option (trend / scalping)
• Signal Line - Signal line period (from 5)
• Number Bars - Number of indicator bars on the chart