Ahoora Oscillator is a forex trading indicator. Ahoora Oscillator is a straightforward forex trading indicator, which can use alone to make profitable trading decisions. Ahoora Oscillator is a momentum-based trading indicator. You can make it a trend following forex indicator by taking trades only in the direction of the trend. Taking trades in the direction of the movement will increase your probability of winning than losing. Ahoora Oscillator is designed so that it can use it to trade in multiple time frames over a wide range of financial instruments.
When you install Ahoora Oscillator forex indicator in your trading platform, your chart should look like this:
Ahoora Oscillator Forex Indicator
Ahoora Oscillator is an oscillator that is in the indicator window. Ahoora Oscillator forex indicator changes its color as per the trend of the forex market. When the market is bullish, this forex indicator is green, and when the market is bearish, this indicator is red. Be careful with the significant trend of the market. You should always ensure that you don’t trade against the market’s primary trend. Although I can use this indicator in any time frame, I prefer to use it on M15, H1, and H4.
Read More: Tangoline Forex Indicator Free Download
Buying Conditions Using Ahoora Oscillator Indicator
- The market should be going up.
- The market should be bouncing from the chart’s recent swing low.
- Ahoora Oscillator forex indicator should be green.
- Place your long position(Buy) when all of the above conditions are met.
- Place your stop loss(SL) below the recent chart swing low.
- Take your profit(TP) when Ahoora Oscillator indicator turns red.
Selling Conditions Using Ahoora Oscillator Indicator
- The market should be down trending.
- The mt4 market should be falling from the recent chart swing high.
- Ahoora Oscillator forex indicator should be red.
- Place your short position(Sell) when all of the above conditions are met.
- Place your order stop loss(SL) just above the recent chart swing high.
- Take your profit(TP) when Ahoora Oscillator turns green.
Ahoora Oscillator Forex Indicator Free Download