The EW oscillator is an indicator for the MetaTrader 4 based on mathematical calculations on the price chart.
- Generates minimum false signals.
- Excellent for identifying trend reversals.
- Perfect for scalping.
- Simple and easy indicator configuration.
- Suitable for working on the smaller timeframes (up to H4).
- Works on any financial instrument.
EURUSD, EURGBP, USDCHF, AUDNZD, AUDCAD, GOLD.
Recommendations on Usage
The buy signal is formed when the level 20 is crossed upwards.
The sell signal is formed when the level 80 is crossed downwards.
- ColorEW - indicator line color.
- PeriodEW- indicator calculation period.
Fixed minor flaws.