Indicator: Accelerator Oscillator
Accelerator Oscillator is a technical analysis indicator you can find on the MT4. This indicator can help you identify changes in the trend momentum. The most common use of the Accelerator is to view the zero line and it’s interaction with the bars.
What to watch for:
Look to see if the bars are above or below the zero line.
Bars above the zero indicates a potential bullish market, while the bars are below zero indicates a potential bearish momentum.
Buy Signal:
When the bars of the Accelerator Oscillator cross above the zero line and are green, consider it as a buy signal, indicating strengthening bullish momentum.
Sell Signal:
When the bars cross below the zero line and are red, consider it as a sell signal, indicating strengthening bearish momentum.
Should you use the indicator alone:
No. An oscillator indicator is best used with trend confirming indicator, such as moving averages, trend lines, and support and resistance lines.
Risk Management:
Technical analysis with the use of indicators may be lagging, the use of shorter timeframes will cause higher inaccuracy. Remember to set appropriate SL and TP levels, and manage the lot sizes to optimize your trading.
Disclaimer: Opinions are subjective and may vary from person to person. All information provided are for general knowledge, and is not an instruction on the use of the indicators. User discretion is advised.
Accelerator Oscillator is a technical analysis indicator you can find on the MT4. This indicator can help you identify changes in the trend momentum. The most common use of the Accelerator is to view the zero line and it’s interaction with the bars.
What to watch for:
Look to see if the bars are above or below the zero line.
Bars above the zero indicates a potential bullish market, while the bars are below zero indicates a potential bearish momentum.
Buy Signal:
When the bars of the Accelerator Oscillator cross above the zero line and are green, consider it as a buy signal, indicating strengthening bullish momentum.
Sell Signal:
When the bars cross below the zero line and are red, consider it as a sell signal, indicating strengthening bearish momentum.
Should you use the indicator alone:
No. An oscillator indicator is best used with trend confirming indicator, such as moving averages, trend lines, and support and resistance lines.
Risk Management:
Technical analysis with the use of indicators may be lagging, the use of shorter timeframes will cause higher inaccuracy. Remember to set appropriate SL and TP levels, and manage the lot sizes to optimize your trading.
Disclaimer: Opinions are subjective and may vary from person to person. All information provided are for general knowledge, and is not an instruction on the use of the indicators. User discretion is advised.
Golfer that loves Forex
