BeST Oscillators Collection

BeST Oscillators Collection

BeST Oscillators Collection is a Composite MT4 Indicator including the  Chaikin,Chande and TRIX Oscillators which by default are contained in  MT5  but not in  MT4 platform. It also provides the option of displaying or not a Mov. Avg. as a Signal  Line and the resulting Signals as Arrows in a Normal (all arrows) or in a Reverse Mode (without showing up any resulting successive and of same type arrows).

• The Chaikin Oscillator (CHO)  is used to estimate the money flow measuring price action to the smart money flow in and out of the underlying security. There are no fixed ranges for the CHO and so when it moves in the trend direction is more reliable. It can also be used for spoting divergences in strongly trending markets.

• The Chande Momentum Oscillator (CMO) ranges between the limits of -100 and +100 while overbought area is set at 50 and oversold at -50. Buy and Sell signals  can be generated by CMO crosses of its 10-bars SMA and also by the divergences between CMO and the underlying security's price.

• The TRIX Oscillator (TRIX) is used to identify oversold and overbought markets but also as a momentum indicator. TRIX oscillates around a zero line and when used as an oscillator, a positive value indicates an overbought market while a negative one indicates an oversold market.  As a momentum indicator, a positive value suggests momentum is increasing while a negative value suggests momentum is decreasing
  
  
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== CHO Settings - for selecting the Chaikin Oscillator's (CHO) parameters

== CMO Settings - for selecting the Chande Momentum Oscillator's (CMO) parameters

==TRIX Settings - for selecting the TRIX Oscillator's (TRIX) parameters

== Arrows Settings – for  controlling  Entry Signals’ (Arrows) features

== Levels Settings 

• Select Level_1 Value for all Oscillators  which by default is the Zero-Line.

For EA Developers

• CHO Buy Arrow:         Buffer=7
• CHO Sell Arrow:         Buffer=8
• CMO Buy Arrow:        Buffer=11
• CMO Sell Arrow:        Buffer=12
• TRIX Buy Arrow:         Buffer=3
• TRIX Sell Arrow:         Buffer=4