3D Oscilator - 3 Popular Indicators in One [MT4]

3D Oscilator is an indicator that combines 3 other common indicators. They are them RSI, Stochastic and Tunnel. The latter may be less known because it is not available as standard on popular ones Forex platforms. The oscillator operates based on 8 bands with different parameters. Of them all four bottom they work as a potential support area. In turn, the other four (upper) as a resistance area. The tunnel provides information about the current trend and indicates the moment of its reversal. Below is a preview graphic with the Tunnel indicator only.

3D Oscilator - Installation and Operation 

Like any custom indicator, 3D Oscilator must be downloaded and moved to a folder Indicators. Must be downloaded separately (available on our forum here) and then move to the directory Indicators.

Be sure to read: How to add custom tools to MetaTrader 4

After restarting the platform we will find it in the tab Own. Parameters can be left unchanged, and the colors can be set at your discretion.

Using a 3D oscillator is not complicated. The basic levels at which the reaction occurs are 80 and -80. In addition, we can also distinguish extreme buyouts at 120 and over sell at -120. What's more, this indicator also generates alerts in the form of red and green dots.

They generate the following signals:

• BUY SIGNAL - when the lines intersect at the level of -80 and an alert appears in the form of a green dot. A stronger buy signal will be around -120 and a price alert will appear.
• SALE SIGNAL - when the lines intersect at level 80 and an alert appears in the form of a red dot. A stronger sales signal will be around level 120 and the appearance of a price alert.

NOTE: Green dots appearing above the zero level and red ones below the zero value may indicate incorrect signals and are therefore not a good time to play. Such situations may already occur at the end of a trend, hence be particularly cautious. You yourself are an additional signal for us.

Conclusions and final assessment

The 3D Oscilator indicator is a tool that is worth attention. Of course, we cannot expect that this indicator will change our trading and make us start making money thanks to it. However, it will certainly do more good than harm. In conjunction with additional trend tools, it can be used as a basis to build an interesting investment strategy. 3D Oscilator generates a large number of good signals to conclude transactions, no matter what time interval we work.

DOWNLOAD - 3D OSCILATOR

Advantages:

• A large number of valid signals,
• Works well with additional tools,
• It works well at any time interval and any instrument.

Disadvantages:

• In a strong trend, it can indicate incorrect signals (alerts),
• It is not independent in itself. It is worth equipping yourself with trend setting indicators.

Rating: 7,5/10