EW oscillator is an indicator for MT4 that works on the basis of mathematical calculations based on a price chart.
- Gives a minimum of false signals.
- Perfectly finds trend reversals.
- Perfect for scalping.
- Simple and easy indicator setup.
- Perfect for working on small timeframes (up to H4).
- It works on any financial instruments.
EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD, GOLD.
A buy signal is formed when the level 20 crosses from the bottom up.
A sell signal is formed when the level 80 crosses from top to bottom.
- ColorEW -the color of the indicator line.
- PeriodEW– the indicator calculation period.
- Alert – enable or disable the Alert. If true-enabled, false-disabled.
- Type of signal – this setting is responsible for the moment when the Alert signal is sent. Type of signal takes the values current bar (sending a message when a signal appears on the current bar) or last bar(sending messages when a signal appears on the last bar).