De Munyuk Oscillator for MT4 Download – Free – [TradingFinder]

The De Munyuk Indicator is a practical tool in technical analysis that identifies the market direction by showing bullish and bearish signals.
This indicator displays small colored boxes representing market fluctuations in a noise-free way, inside a separate window.
Traders can use this tool as a trend filter within different trading strategies.

De Munyuk Oscillator Specification Table

The specifications of the De Munyuk Indicator are shown in the table below.

De Munyuk Indicator at a Glance

In the De Munyuk Oscillator, green boxes represent buyer strength and the start of a bullish trend, while red boxes indicate a bearish trend.
An important feature of this trading tool is that once candlesticks are closed, the signals do not change or get recalculated.

Bullish Trend Conditions

Based on the EUR/USD chart in the 1-hour timeframe, the appearance of green boxes indicates the beginning of a bullish trend.
As shown in the image below, the continuation of green boxes confirms the sustainability of the uptrend.

Bearish Trend Conditions

According to the TRX (Tron) cryptocurrency, chart in the 30-minute timeframe, the beginning of a bearish trend is signaled through the formation of red boxes.
In addition, consecutive red boxes indicate a strong bearish trend.

De Munyuk Oscillator Settings

Customizable options in the De Munyuk Oscillator are as follows:

• Sound Alert: Enable sound alert
• Arrow Size: Set the size of indicator elements
• Up Color: Define the color of bullish boxes
• Down Color: Define the color of bearish boxes

Conclusion

The De Munyuk Oscillator displays green and red boxes to show whether the price is trending upward or downward.
This indicator works without altering or recalculating its signals, providing traders with higher reliability. Its ability to be applied in all timeframes makes it suitable for scalpers as well as short-term and long-term traders.