Dynamic Trader Oscillator (DTO) indicator for MT4 Download - Free

The Dynamic Trader Oscillator is an advanced tool combining RSI and Stochastic indicators, providing traders with higher accuracy in trend analysis and price reversal points. Developed for the MetaTrader 4 (MT4) platform, this oscillator displays buy and sell signals for traders.

When the oscillator line (blue) crosses the signal line (orange) up or down, buy and sell signals are respectively issued on the chart. This feature makes the Dynamic Trader Oscillator an efficient tool for decision-making in trading positions, helping traders correctly identify optimal entry and exit points.

Oscillator Table

Indicator at a Glance

The Dynamic Trader Oscillator is a practical tool for analysis using indicators. This oscillator combines the RSI and Stochastic indicators with the Stochastic overlaid on the RSI.

When the Stochastic reaches the overbought or oversold zones within the RSI, these points are identified as potential price reversal signals. Additionally, the indicator provides buy and sell signals.

A buy signal is generated if the oscillator line (blue) crosses above the signal line (orange) from below. Conversely, if the oscillator line crosses below the signal line from above, a sell signal is issued, indicating a potential start of a bearish trend.

Buy Signal in Oscillator

In the 4-hour GBP/JPY chart, the Dynamic Trader Oscillator has issued a buy signal. When the oscillator line (blue) crosses the signal line upward, a buy signal is displayed with blue markers on the chart. After issuing this buy signal, the price enters a sharp upward trend.

Traders can use the opportunity to enter a trade when the Stochastic reaches the oversold area on the RSI and a buy signal is issued simultaneously.

Sell Signal in Oscillator

In the 4-hour XAUUSD chart, the Dynamic Trader Oscillator has issued a sell signal. When the oscillator line (blue) crosses the signal line downward, a sell signal is displayed with red markers on the chart. After issuing this sell signal, the price enters a sharp downward trend.

Traders can take the opportunity to enter a trade when the Stochastic reaches the overbought area on the RSI and a sell signal is issued simultaneously.

Dynamic Trader Oscillator Settings

Display_Settings

• Chart_theme: Select a custom theme for the indicator

Indicator_Settings

• Rsi_period: Set the RSI period;
• Stochastic_period: Set the Stochastic period;
• Stochastic_k_period: Set the Stochastic K period;
• Stochastic_d_period: Set the Stochastic D period;
• Smoothing_period: Set the smoothed moving average period (affects the algorithm);
• Show_arrows: Toggle arrow display on/off;
• Up_arrow_color: Set the color for upward arrows;
• Down_arrow_color: Set the color for downward arrows;
• Albertson: Turn indicator alerts on/off;
• AlertsMessage: Toggle message alerts on/off;
• AlertsSound: Toggle sound alerts on/off;
• AlertsEmail: Toggle email alerts on/off.

Conclusion

The Dynamic Trader Oscillator is a developed and advanced indicator combining the popular RSI and Stochastic indicators. This oscillator is displayed in the RSI window, which provides a substantial advantage for traders.

When the Stochastic oscillator reaches the overbought or oversold areas on the RSI, it can be considered a trend reversal warning. Furthermore, this indicator issues buy and sell signals when the oscillator line crosses the Stochastic signal line, alerting traders to trading opportunities.