Free Forex Indicators (MT4), Trend Following Indicators

Simple Decycler Oscillator

Simple Decycler Oscillator has been developed based on dual Decycler averages with different parameters. It applies a simple crossover method for determining the market trend and demonstrates the signals in a way so that everybody can understand it easily. This indicator can also be used as a trend filter to other trend-following forex trading strategies.

Simple Decycler Oscillator can be applied to trade all kinds of forex currency pairs within the financial markets. In addition, this indicator suits all sorts of timeframe charts available in the MT4 trading platform.

Simple Decycler Oscillator Overview

Download Simple Decycler Oscillator and install it on your MT4 terminal. Once you’re done, find your chart like the image below:

Simple Decycler Oscillator Overview

Check Out: Deals & Discount

Simple Decycler Oscillator Explanation

Simple Decycler Oscillator applies two Decyclers of 100 (fast) and 125 (slow) periods. The faster one is marked as the green color and the slower one in blue color. The crossover method used is pretty simple as the moving averages.

Simple Decycler Oscillator Explanation

Slow Decycler moves above the faster one represent the bullish crossover signaling the bullish trend of the market. On the other hand, Fast Decycler moves above the slower one signals for the bearish crossover and represents the bearish trend of the market.

The indicator stresses less on signal frequency but maintains a standard level of signal accuracy.

Simple Decycler: Buy Conditions

Simple Decycler Buy Conditions
  • Fast-Decycler moves above the Slow-Decycler
  • Price candle closes as a bullish bar at the same time
  • Buy triggers at the break of the respective bullish candle’s high
  • Set stop loss below the current low of the market
  • Exit long/take profit whenever the indicator plots a bearish crossover

Also Read: Exness Broker Review

Simple Decycler: Sell Conditions

Simple Decycler Sell Conditions
  • Fast-Decycler moves below the Slow-Decycler
  • Price candle closes as a bearish bar at the same time
  • Sell triggers at the break of the respective bearish candle’s low
  • Set stop loss above the current high of the market
  • Exit short/take profit whenever the indicator plots a bullish crossover

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
RoboForex Welcome Bonus