Oscillator trading signals is a dynamic indicator that determines the condition for the continuation of the trend of growth or fall in the price of a trading instrument and the cutting off of zones with undesirable trading.

The indicator consists of 2 oscillator lines. Slow and fast signal line. 

The display scale is inverted. Zones near 0 indicate a trend of growth in the price of the currency pair. The -100 zones indicate a fall in the price of the currency pair.

The main chart shows potentially profitable entry points to the market in the form of arrows. Zones where unwanted trading is displayed in the form of crosses. 

This product also adds the function of drawing the desired stop loss and take profit levels. Stop levels are pre-set in the indicator parameters. The calculation is made in pips of the trading instrument.

Entry into the market is carried out when the bar is opened at the time of the appearance of the trading signal. Stop lines are also calculated from the opening price of the bar.

The display of stop lines is disabled by default. But it is always possible to enable them in the indicator parameters. 

For your convenience, a parameter has been added that allows you to set how many past bars to draw the signal for. The default value is 1000 bars. The parameter equal to 0-draws signals for the entire history of the trading instrument.

[spoiler title=”Read More…”]

Trading Signals:

– sell signal – the fast line is at the bottom near -100, the slow line crosses the top-down value of -20. 

– buy signal – the fast line is at the bottom near 0, the slow line crosses from the bottom to the top value of -80. 

– unwanted trade signal – multidirectional values of the fast and slow lines.

Configurable parameters:

• calculation slow line-calculation of a slow line
• calculation fast line-calculation of a fast line
• rom which bars to receive signals 0 – the whole story – how many bars to draw trading signals
• take profit and stop loss display line – on/off-enables or disables the reflection of stop lines
• Take Profit, in pips (1.00045-1.00055=1 pips) – the value of the take profit in pips counted from the opening of the bar
• Stop Loss, in pips (1.00045-1.00055=1 pips) – the value of the stop loss in pips counted from the opening of the bar
• color arrow buy – the color of the buy signal
• color arrow sell – the color of the sell signal
• color line sell take profit – color of the take profit line when selling
• color line sell stop loss – color of the stop loss line when selling
• color line buy take profit – color of the take profit line when buying
• color line buy stop loss – color of the stop loss line when buying
• color arrow stop – the color of the signal about the undesirability of trading
• width arrow buy 1…5 – width of the buy signal
• width arrow sell 1…5 – width of the sell signal
• width line sell TP 1…5 – width of the take profit line when selling
• width line sell SL 1…5 – width of the stop loss line when selling
• width line buy TP 1…5 – width of the take profit line when buying
• width line buy SL 1…5 – width of the stop loss line when buying
• width arrow stop 1…5 – the width of the signal about the undesirability of trading

[/spoiler]