How to Add MT4 Ultimate Oscillator on MT4 Chart
Step 1: Open MetaTrader 4 Navigator Panel
Open MetaTrader 4 Navigator panel as shown on example below: Go to 'View' menu (click), then choose the 'Navigator' panel (click), or From Standard Tool-Bar click the 'Navigator' button or press keyboard MetaTrader 4 short-cut keys 'Ctrl+N'
On MT4 Navigator window, select "Indicators", by Double Clicking
How Do You Use MT4 Ultimate Oscillator on MetaTrader 4?
How to Add Ultimate Oscillator MT4 Indicator
Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) & will now show a list of MT4 indicators as shown on example below - select the Ultimate Oscillator indicator from this list of MT4 indicators so that you can add the Ultimate Oscillator MT4 indicator on MetaTrader 4 chart.
How Do You Use MT4 Ultimate Oscillator on MetaTrader 4?
How Install and Add Custom Ultimate Oscillator on MT4?
If the MT4 indicator that you want to add on the MT4 charts is a custom MT4 indicator - for example if the Ultimate Oscillator indicator that you want to add is a custom MT4 indicator you will need to first add this custom Ultimate Oscillator MT4 indicator on MetaTrader 4 platform & then compile custom Ultimate Oscillator indicator so that the newly added Ultimate Oscillator MT4 custom indicator pops up on the list of custom technical indicators in Meta Trader 4.
To learn how to add Ultimate Oscillator indicators on MT4 - how do you add Ultimate Oscillator indicator window to MT4 platform? - how do you add Ultimate Oscillator forex custom technical indicator on MT4? - How to add a custom Ultimate Oscillator custom forex indicator in MetaTrader 4.
How Do You Use Ultimate Oscillator MT4 Indicator?
Ultimate Oscillator Analysis Buy & Sell Signals
Ultimate Oscillator indicator is an oscillator forex indicator that aims at striking a balance between leading forex signals and lagging forex signals given by the common forex trading technical indicators.
- Leading forex indicators - some forex indicators lead the market and give forex signals earlier than the optimum time
- Lagging forex indicators - some forex indicators lag the market so far that half of the forex price move is over before a forex signal is generated.
This is the balance that the Ultimate Oscillator indicator aims to strike - not to lead the forex price too much or lag the forex price too much - this way the Ultimate Oscillator indicator will always give a forex signal at the ultimate time and thus its name.
How Do You Add MT4 Ultimate Oscillator on MT4 Chart
Ultimate Oscillator indicator uses 3 different n-number of price periods and calculates the combined weighted sums of price move from these forex price periods and draws these values on a scale ranging from 0 to 100. Ultimate Oscillator indicator values above 70 are considered to be overbought levels while Ultimate Oscillator indicator values below 30 are considered to be oversold levels.
The time periods used to calculate the ultimate oscillator are 7 price periods (short term forex trend), 14 price periods (intermediate term forex trend) and 28 price periods (long term forex trend).
How to Generate Buy & Sell Signals
Ultimate Oscillator indicator can be used in generating buy signals and sell signals using various forex technical analysis methods.
Center line Cross over Signals
Buy Signal - Ultimate Oscillator indicator values above 50 center line level are interpreted as a buy signal
Sell Signal - Ultimate Oscillator indicator values below 50 center line level are interpreted as a sell signal
Bearish Sell Signal
Overbought/Oversold Levels on Indicator
Overbought Levels - Ultimate Oscillator indicator values above 70 - interpreted as sell trade signal
Oversold Levels - Ultimate Oscillator indicator values below 30 - interpreted as buy trade signal
Divergence FX
The Ultimate Oscillator indicator can also be used to trade divergence forex signals - below is Ultimate Oscillator indicator example of a forex classic bearish divergence trading signal.
Analysis of MT4 Indicator Ultimate Oscillator Indicator
How Do I Use MetaTrader 4 Ultimate Oscillator in MT4?
