OSC MTF CF SYSv1_1 Indicator

OSC MTF CF SYSv1_1 Indicator

OSC MTF CF SYSv1_1 Indicator For MT4 plots the mini charts and moving averages of 3 time frames. Best for moving average traders using multi time frames

The OSC MTF CF SYSv1_1 indicator for MT4 plots the candles of three chart timeframes and plots 4 moving averages in a separate indicator window. So, forex traders can visualize the price in relation to 4 price charts at a glance. This indicator is very effective for forex traders using multiple moving averages for an entry point while using multi time frame approach for trend direction.

The indicator is easy to use and works well for new and advanced forex traders. Additionally, it works on all chart time frames including the daily, weekly and monthly charts. Moreover, the indicator is suitable for scalping, intraday trading and short and long term forex trading.

OSC MTF CF SYSv1_1 Indicator For MT4 Trading Setup

The indicator plots 4 moving averages of 8 in yellow, 12 in purple, 24 in blue and 72 as khaki. These 4 moving averages indicate the trend direction. In addition the indicator plots M15, M30 and H1 charts candles as red and blue.

The trading strategy is to enter the markets in the current chart based on the higher trend direction, while keeping the price movement in other time frames. Traders should enter sell positions if the moving averages point downwards and enter buy trades if the moving averages are in upward direction. Traders should note that in a multi time frame trading approach the higher time frame trend direction is prominent.

Conclusion
The OSC MTF CF SYSv1_1 indicator for MT4 is an essential tool to forex traders using multiple moving averages. In addition, the possibility to have 4 charts within a same window adds the ease of identifying the trend direction.