The Blau T3 Ergodic oscillator designed for Metatrader 5 is a reliable indicator that generates continuous buy and sell signals.
The indicator gets displayed in a bottom chart window as a two-color filled signal line that oscillates above and below zero.
How does the Blau T3 Ergodic 1.02 oscillator work?
- The green colored signal line above 0 generates a buy signal.
- The red colored signal line below 0 generates a sell signal.
The indicator contains the following inputs and parameters: T3 period 1, T3 period 2, T3 signal line period, display style, Tim Tilson calculation.
Make yourself familiar with this technical indicator and test it first on a demo account for an extended period of time.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
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Blau_-_T3_ergodic_candlestick_oscillator_1.02.mq5 Indicator (MT5)
Chart Example
The picture below shows how the Blau T3 Ergodic oscillator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Blau T3 Ergodic 1.02 Oscillator?
Find a simple trading example below:
Buy Signal
- A buy signal is confirmed when the green colored oscillator line appears above 0 (see chart example above).
- Place a protective stop loss slightly below the previous swing low.
- Close the buy trade for a predetermined pips target of your preference, or wait for a bearish trend reversal signal.
Sell Signal
- A sell signal is confirmed when the red colored oscillator line appears below 0.
- Place a protective stop loss slightly above the previous swing high.
- Close the sell trade for a predetermined pips target of your preference, or wait for a bullish trend reversal signal.
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Blau_-_T3_ergodic_candlestick_oscillator_1.02.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Blau_-_T3_ergodic_candlestick_oscillator_1.02.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration