Ahoora Oscillator is a forex trading indicator. Ahoora Oscillator is a very simple forex trading indicator and this forex trading indicator can be used alone to make profitable trading decisions. Ahoora Oscillator is a momentum based trading indicator. You can make it a trend following indicator by taking trades only in the direction of the trend. Taking trades in the direction of the trend will increase your probability of winning than losing. Ahoora Oscillator is designed in such a way that it can be used to trade in multiple time frames over wide range of financial instruments.
When you install Ahoora Oscillator indicator in your trading platform, your chart should look like this:
Ahoora Oscillator
Ahoora Oscillator is an oscillator which is in the indicator window. Ahoora Oscillator indicator changes its color as per the trend of the market. When the market is bullish this indicator is green and when market is bearish this indicator is red. Be careful with the major trend of the market. You should always make sure that you don’t trade against the major trend of the market. Although this indicator can be used in any time frame I prefer to use it on M15, H1, and H4.
Buying Conditions Using Ahoora Oscillator.
- Market should be up trending.
- Market should be bouncing from the recent swing low.
- Ahoora Oscillator indicator should be green.
- Place your long position when all of the above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when Ahoora Oscillator turns red.
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Selling Conditions Using Ahoora Oscillator.
- Market should be down trending.
- Market should be falling from the recent swing high.
- Ahoora Oscillator indicator should be red.
- Place your short position when all of the above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when Ahoora Oscillator turns green.
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