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Dsl DMI Oscillator Metatrader 4 Forex Signals Indicator

    The Dsl DMI Oscillator MT4 indicator is based on Wilder’s directional movement index but with a twist.

    The Dsl DMI indicator fluctuates above and below the zero (0.00) line in a sub window below the main activity chart.

    The indicator draws green, red and grey lines.

    Green lines: the trend is rising

    Red lines: the trend is falling

    Grey lines: the trend is flat or range-bound

    This indicator is suitable for scalping, day trading, swing trading and position trading.

    It’s an easy to trade indicator, even for absolute beginners.

    Free Download

    Download the “dsl_-_DMI_oscillator.mq4” MT4 indicator

    Example Chart

    The EUR/USD H1 chart below shows the Dsl DMI Oscillator forex indicator in action.

    Basic Trading Signals

    Trading signals from this indicator are very easy to understand and goes as follows:

    Buy Signal: The Dsl DMI indicator must be trading above the zero line and draws the start of a green line.

    Sell Signal: The Dsl DMI indicator must be trading below the zero line and draws the start of a red line.

    Exit buy trade: Close buy trades when the indicator falls below the zero line or start drawing a red line (bearish reversal signal).

    Exit sell trade: Close sell trades when the Dsl DMI indicator rises above the zero line or start drawing a green line (bullish reversal signal).

    Tip: You can always use your own preferred method of trade exit.


    Download the “dsl_-_DMI_oscillator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern indicator

    Customization options: Variable (DMI period, DMI smoothing period, Smoothing method, Signal period, Change color on) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: Signals indicator


    Copy and paste the dsl_-_DMI_oscillator.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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