The ASO Oscillator Forex indicator for Metatrader 4 delivers profitable trend signals for beginners and seasoned traders alike.
The indicator appears in a sub-window underneath the activity chart as a simple crossover system.
It uses the 0 and 100 extreme values.
Key Points:
- A buy signal occurs as soon as the blue ASO oscillator signal line crosses the red line upwards.
- A sell signal occurs as soon as the red ASO oscillator signal line crosses the blue line upwards.
The indicator works on all trading instruments and shows promising results if used correctly.
Free Download
Download the “aso-indicator.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
How to trade with it (example)?
Open a buy trade whenever the blue signal line crosses above the red signal line from below.
Open a sell trade whenever the red signal line crosses above the blue signal line from below.
Exit the buy or sell trade whenever an opposite trading signal appears on the chart, or use your own favorite take profit strategy.
Feel free to use your own favorite trading method or system to open and close trades with the ASO Oscillator Forex indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: ASO period, mode, bulls, bears, color settings & style
Indicator type: trend oscillator
Repaint? Does not repaint the ASO signal lines.
Download Now
Download the “aso-indicator.mq4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The ASO Oscillator indicator can be used as a standalone complete trading strategy.
Naturally, it can be combined with other technical indicators as well.
Installation:
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 aso-indicator.mq4 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.
