BMI Long Oscillator for MT4 Download – Free – [TradingFinder]

The BMI Long Indicator is designed by integrating several widely-used technical analysis indicators. This tool includes a moving average oscillator, MACD, Bollinger Bands, and Stochastic, each displayed using a distinct color.

By combining these indicators, this trading tool provides filtered and precise signals to identify major market trends.

BMI Long Oscillator Specifications Table

The specifications of the BMI Long Indicator are as follows.

BMI Long Indicator at a Glance

The BMI Long Oscillator displays its components using different colors and lines:

• Blue Line: Moving Average Oscillator (OSMA)
• White Line: Moving Average Convergence Divergence (MACD)
• Pink Line: Signal Line
• Orange Band: Upper Bollinger Band
• Green Band: Lower Bollinger Band
• Yellow Line: Zero Line as a trend reference
• Colored Histogram: Shows trend strength and direction

Bullish Trend Conditions

Based on the EUR/USD 1-hour chart, the Signal Line, OSMA, and MACD Line are positioned above the Zero Line. Traders can consider this condition as a buy signal.

Bearish Trend Conditions

According to the AUD/CHF chart, the Signal Line, OSMA, and MACD lines are positioned below the midline, indicating a downtrend.
Traders can use these signals as an alert for the potential start of a bearish trend.

BMI Long Oscillator Settings

The configurable settings of the BMI Long Indicator are as follows:

• FastMAPeriod: Fast moving average period
• SlowMAPeriod: Slow moving average period
• SignalMAPeriod: Signal line period
• MAmethod: Moving average calculation method
• MAprice: Price type used in moving average
• MAprecision: Moving average calculation precision
• OsMAClr: OSMA line color
• MACDClr: MACD line color
• SIGNClr: Signal line color
• UBBClr: Upper Bollinger Band color
• LBBClr: Lower Bollinger Band color
• BBonSignal: Bollinger Band signal activation
• BBonMACDline: Bollinger Band on MACD line activation
• BBperiod: Bollinger Band calculation period
• BBdeviation: Bollinger Band standard deviation
• BBshift: Bollinger Band chart shift
• BBprecision: Bollinger Band calculation precision
• Alpha_adjuster1: First alpha adjustment factor
• Alpha_adjuster2: Second alpha adjustment factor
• MACD_Multiplier: MACD multiplier factor
• UseStochFilter: Stochastic filter usage
• Kperiod: Stochastic K period
• Dperiod: Stochastic D period
• Slowing: Stochastic slowing value
• ShowZeroLine: Zero line display
• ZeroLineColor: Zero line color
• ZeroLineStyle: Zero line style
• ZeroLineWidth: Zero line width

Conclusion

The BMI Long Oscillator, by displaying a colored histogram and several auxiliary lines, shows the direction and strength of the market trend.
The primary reference for trend detection is the Zero Line, with crossings above or below it forming the basis for buy or sell signals.
Moreover, the settings section allows modification of periods and colors to match the trader’s style and strategy.