Introducing Ahoora Oscillator Forex Trading System. This is a very simple forex indicator which can be used alone to make profitable trading decisions. It’s very flexible i.e you can use it as a trend following indicator. Ahoora Oscillator is undoubtedly a momentum based indicator. Therefore if you use it to trade in the direction of the trend, the probability of your profitability increases respectively. This is a great oscillator because it works on all timeframes across all financial instruments.
Install Ahoora Oscillator in your MT4 platform, the chart should like this;
The Ahoora Oscillator is just below the main chart in the indicator window. When live, the indicator will change its color as per the direction of the market. When the market is bearish, this indicator stays red, and when the market is bullish, this indicator turns green. You need a little bit of background about trends so that you can ensure to never trade against the main trend. Even though this indicator works on any timeframe, it’s being used by traders mostly in M15, H1, and H4 timeframes.
Conditions for Buying Using Ahoora Oscillator.
- Confirm up trending market.
- Confirm bouncing from the recent swing low.
- Make sure the Ahoora Oscillator is green.
- Place your long position when all of the above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when Ahoora Oscillator turns red.
Conditions for Selling Using Ahoora Oscillator.
- Confirm a downtrend from your chosen instrument.
- Confirm a bounce from the recent swing high.
- Make sure the Ahoora Oscillator is red.
- Place your short position when all of the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when Ahoora Oscillator turns green.
Download Forex Ahoora Oscillator Indicator
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