The Clever Forex Trend Oasis indicator for Metatrader 5 offers robust trading signals that work for any currency pair and time frame.
It also includes a display that shows the number of wins/losses, number of trades, points won, points lost, net points, and more.
The indicator tends to work best in trending markets.
To identify potential buy/sell trade entries, adhere to these guidelines:
- The green-colored arrows generate a buy trade.
- The red-colored arrows generate a sell trade.
This trend indicator offers various customizable inputs and parameters, including indicator signal, ATR sensitivity, candles to calculate, show displays, show objects, show indicator, money management, alert parameters, and more.
We highly recommend becoming familiar with this technical indicator and conducting extensive testing on a demo account for an extended period.
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Clever Trend Oasis MT5.mq5 Indicator (MT5)
Chart Example
The picture below illustrates what the Clever Forex Trend Oasis indicator looks like when applied to the MT5 chart.
How To Buy And Sell With The Clever Forex Trend Oasis Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is triggered when the green-colored arrow appears on the chart.
- Open a buy market order and set a stop loss slightly below the most recent swing low.
- Reverse the buy trade promptly when the red-colored arrow is displayed on the chart.
Sell Signal
- A sell signal is triggered when the red-colored arrow appears on the chart.
- Open a sell market order and set a stop loss slightly above the most recent swing high.
- Reverse the sell trade promptly when the green-colored arrow is displayed on the chart.
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Clever Trend Oasis MT5.mq5 Indicator (MT5)
Trend-Retracement MT5 Strategy with Trend Oasis and ZigZag OSMA
The Clever Forex Trend Oasis Indicator for MT5 identifies the dominant market direction with high clarity.
When combined with the ZigZag OSMA Forex Indicator, traders can spot ideal pullback entries within the confirmed trend for precise and low-risk trades.
Recommended Timeframes
Use this strategy on M15, H1, or H4 for better reliability and cleaner setups.
Indicators Used
- Trend Oasis Indicator: Filters out market noise and confirms the current trend direction.
- ZigZag OSMA Indicator: Detects retracements and momentum shifts within the trend using ZigZag structures and oscillator divergence.
Buy Setup
- Wait for the Trend Oasis Indicator to confirm an uptrend (green trend signal).
- Look for a ZigZag retracement leg forming a higher low, ideally with bullish OSMA divergence.
- Enter the trade once momentum resumes upward.
- Set your stop-loss below the recent swing low.
- Target previous highs or a 1:2+ risk-reward ratio.
Sell Setup
- Trend Oasis should confirm a downtrend (red trend signal).
- ZigZag OSMA must show a lower high retracement with bearish divergence.
- Enter short after bearish momentum returns.
- Place stop-loss above the recent swing high.
- Target key support zones or use a fixed RR ratio like 1:2.
Why This Strategy Combo Works
The ZigZag OSMA Indicator identifies retracements within the larger trend provided by Trend Oasis, allowing for well-timed entries at value points.
This synergy improves trade accuracy and reduces premature entries.
Pro Trading Tip
Use a trailing stop once the trade is in profit to let winners run while locking in gains.
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 Clever Trend Oasis MT5.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!
