Projection Oscillator MT5 Indicator

0
549

Projection_Oscillator is based on Projection_Bands. Unlike the original indicator, it displays the line in a separate window with overbought/oversold levels.

The indicator has three input parameters:

  • Period – calculation period;
  • Overbought – overbought level;
  • Oversold – oversold level.

Calculation:

PO = 100 * (Close-DnBand) / (UpBand-DnBand)
UpBand = Max(High, PrevHigh*SlopeHigh)
DnBand = Min(Low, PrevLow*SlopeLow)

where:

  • SlopeHigh – regression line slope of High prices in the Period range;
  • SlopeLow – regression line slope of Low prices in the Period range.

MT5 Indicators – Download Instructions

Projection Oscillator MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.

Projection Oscillator MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies

Recommended Forex Metatrader 5 Trading Platform

  • Free $30 To Start Trading Instantly
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Awards Winning Trading Broker

xm account

Click Here for Step By Step XM Trading Account Opening Guide

How to install Projection Oscillator MT5 Indicator.mq5 to your MetaTrader 5 Chart?

  • Download Projection Oscillator MT5 Indicator.mq5
  • Copy Projection Oscillator MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your mt5 indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Projection Oscillator MT5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Projection Oscillator MT5 Indicator.mq4 is available on your Chart

How to remove Projection Oscillator MT5 Indicator.mq5 from your Metatrader 5 Chart?

  • Select the Chart where is the Indicator running in your Metatrader 5 Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Projection Oscillator MT5 Indicator (Free Download)

Click here below to download:



Download Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here