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Re: MT4 Indicator requests and ideas

cladi53, Sat Aug 29, 2026 9:58 am

ionone wrote: Wed Jul 08, 2026 1:02 am those oscillators are not working correctly on my PC. I just get ONE vertical histogram type, it's obviously not the full osc
Fixed version:

1. Oscillator and Momentum Colors
Blue (BLUE) / Aqua Bars: Indicate strong buying momentum. They represent the best time to look for buy entries or hold long positions.

Dark Bars (DARKSLATE / INDIGO): Indicate strong selling momentum. They represent the ideal time to look for sell entries or hold short positions.

Intermediate Bars (CORNFLOWER / ROYAL): Indicate consolidation, deceleration, or a trend transition. It is advisable not to open new positions when the market is in these phases.

2. DSL Zones (Lines and Range Fill)
Breakout Spikes: When the oscillator histogram breaks and "pushes" above the upper purple/blue limit, it confirms bullish acceleration.

Movement Exhaustion: If the oscillator line crosses inward from outside the DSL zone, it signals a possible reversal or profit-taking.

3. Support and Resistance (S/R) Line Strategy
Use of Historical Levels: Horizontal lines drawn on the upper chart (such as the cyan/orchid lines) are key levels formed after a momentum move.

Trend-Following Entries: When a BLUE bar signal appears, look for buy opportunities, preferably when the price is bouncing off an active Support level.

Line Breakouts: If the price crosses and breaks a Support/Resistance line, the line automatically disappears, confirming the continuation of the movement.

General Trading Rule
Trend Filter: Wait for the indicator's status in the information panel to change to BLUE (Buy) or DARKSLATE (Sell).

Alert Confirmation: Use the enabled sound alerts (alert.wav) to be notified of the status change at the close of the candle.

Risk Management: Place the Stop Loss above the most recent Resistance (for sells) or below the most recent Support (for buys).
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