The Oracle Strength Forex indicator for Metatrader 4 delivers shorter-term trend signals that works very well for both scalping and day trading.
The indicator appears as colored blue/red/yellow histogram bars in a bottom window of the trading platform.
The indicator is very reliable, lightweight, and will not slow down your trading platform.
Buy & sell signal:
- Enter long when the first blue bar appears on the chart.
- Enter short when the first red bar appears on the chart.
- Stay aside when a yellow bar gets printed on the chart or stick with your open position.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
Oracle Strength can be easily combined with the Oracle Direction indicator.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “oracle strength indicator.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M30)
The picture below shows the Oracle Strength mt4 indicator in action on the trading chart.
After you downloaded and installed the indicator (mq4 or ex4 format) to the trading platform, it should look like the image as shown above.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Oracle Strength Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
Download Now:
Download the “oracle strength indicator.ex4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the oracle strength indicator.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.