MP Andean Oscillator for MT5

4.67

The MP Andean Oscillator is used to estimate the direction and also the degree of variations of trends.

It contains 3 components: Bull component, Bear component and Signal component. A rising Bull component indicates that the market is up-trending while a rising Bear component indicates the presence of down-trending market.

Settings:

  • Oscillator period: Specifies the importance of the trends degree of variations measured by the indicator.
  • Signal line per: Moving average period of the Signal line.

Usage rules:

  • Long: Bull line crosses over Bear line
  • Short: Bear line crosses over Bull line
  • Exit Long: Bull line crosses under Signal line
  • Exit Short: Bear line crosses under Signal line

Although the Signal line can be used to filter out false signals but it may induce a worse timing compared to above mentioned conditions.

Important notes:

This indicator is inspired by Andean Oscillator created by Alex Pierrefeu and all credit goes to him.

___________________________________________________________________________________

Disclaimer:
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it's extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any type of assets.

Comentários 5
Andrew Fernando
18
Andrew Fernando 2024.05.02 09:09 
 

excellent

Nelson Ros
56
Nelson Ros 2025.07.26 14:10 
 

Excelente indicador para confirmaciones

cham
924
cham 2026.01.01 17:36 
 

Нормальный индикатор

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KEENBASE SOFTWARE SOLUTIONS
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MP Colored MACD
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MACD (short for M oving A verage C onvergence/ D ivergence) is a popular trading indicator used in technical analysis of securities prices. It is designed to identify changes in the strength, direction, momentum, and duration of a trend in a security's price. History Gerald Appel created the MACD line in the late 1970s. Thomas Aspray added the histogram feature to Appel's  MACD in 1986. The three major components and their formula 1. The MACD line: First, "PM Colored MACD" employs two Moving
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cham
924
cham 2026.01.01 17:36 
 

Нормальный индикатор

Nelson Ros
56
Nelson Ros 2025.07.26 14:10 
 

Excelente indicador para confirmaciones

Andrew Fernando
18
Andrew Fernando 2024.05.02 09:09 
 

excellent

Pierre Ksachikian
27745
Resposta do desenvolvedor Pierre Ksachikian 2024.05.02 20:28
Thanks a lot
Findolin
2620
Findolin 2023.07.31 13:33 
 

O usuário não deixou nenhum comentário para sua avaliação

Pierre Ksachikian
27745
Resposta do desenvolvedor Pierre Ksachikian 2023.07.31 13:42
Great to know, thank you for your review!
Mene
1200
Mene 2023.04.22 06:05 
 

O usuário não deixou nenhum comentário para sua avaliação

Pierre Ksachikian
27745
Resposta do desenvolvedor Pierre Ksachikian 2023.04.22 17:40
That's great, Thank you for your feedback.
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