The Universal Forex oscillator for MT5 is a powerful trading tool that generates 100% non-repaint trading signals for all currency pairs.
It’s composed of several technical indicators, including RSI, Bollinger Bands, and Stochastic.
The indicator shows up in a dedicated chart window as blue and red colored clouds.
Trading signals:
- A blue colored cloud generates a buy signal.
- A red colored cloud generates a sell signal.
The following indicator inputs and variables can be modified: RSI period, applied price, draw mode, levels mode, Stochastic settings, and Bollinger Bands settings.
Please understand how the Universal Forex oscillator functions and conduct extensive testing on a demo account before utilizing it in real trading.
Download Indicator
universaloscillator.mq5 Indicator (MT5)
Trading Chart
The picture below shows what the Universal Forex oscillator looks like when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Universal Forex Oscillator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the blue colored Universal Oscillator cloud is displayed on the chart.
- Initiate a buy transaction and set a stop order below support.
- Exit the buy trade for a fixed pips profit target, for example, +25 pips on the 5-minute chart.
- Alternatively, await a sell signal to close the buy trade.
Sell Signal
- A sell signal is given when the red colored Universal Oscillator cloud is displayed on the chart.
- Initiate a sell transaction and set a stop order above resistance.
- Exit the sell trade for a fixed pips profit target, for example, +40 pips on the 30-minute chart.
- Alternatively, await a buy signal to close the sell trade.
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universaloscillator.mq5 Indicator (MT5)
Trading Strategy: Momentum-Volatility Trend Entry MT5 System
This strategy blends the momentum insights of the Universal Forex Oscillator with the volatility-based trailing signals from the Volty Channel Stop Indicator.
The result is a Metatrader 5 trend-following system that filters out weak signals and provides dynamic trade management.
Indicators Used
- Universal Forex Oscillator: A flexible momentum oscillator that adapts to various market conditions, highlighting overbought/oversold zones and directional bias.
- Volty Channel Stop Indicator: A volatility-based trend filter and trailing stop tool that visually confirms trade direction and adjusts to market swings.
Timeframes
Works best on M15, M30, and H1 charts. Ideal for intraday traders and short-term swing trades.
Buy Entry Rules
- The Volty Channel Stop flips below price and turns green, signaling a bullish trend.
- The Universal Forex Oscillator crosses above the zero line or exits the oversold zone (e.g., rising from below 30).
- Enter a long position at the close of the confirmation candle.
- Set stop-loss below the most recent Volty Channel Stop dot or swing low.
- Target previous highs or use a fixed risk-to-reward ratio (1.5–2x risk).
Sell Entry Rules
- The Volty Channel Stop flips above price and turns red, confirming a bearish trend.
- The Universal Forex Oscillator crosses below zero or exits the overbought zone (e.g., dropping from above +30).
- Enter a short trade once both indicators align and the candle closes below the Volty dot.
- Place a stop-loss above the last Volty dot or recent swing high.
- Set take-profit based on the next support level or a 2:1 reward-to-risk ratio.
Additional Tips
- Avoid trading when the Universal Oscillator is flat or near zero — wait for momentum confirmation.
- The Volty Channel can also be used as a trailing stop to lock in profits on trending moves.
- Use this strategy only during active sessions for better volatility and cleaner trends.
Conclusion
By combining the adaptive power of the Universal Forex Oscillator with the volatility-tracking Volty Channel Stop Indicator, this strategy offers high-probability entries with built-in risk control.
It’s well-suited for traders who prefer structure, trend-following, and reliable confirmation before entering a trade.
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 universaloscillator.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!
