Yefekt Oscillator for MT4 Download – Free – [TradingFinder]

The Yefekt Indicator is a practical tool in technical analysis that determines whether the trend is bullish or bearish using colored bars.

This trading tool draws histograms based on price action, considering the +0.5 level as the boundary of the bullish zone and the –0.5 level as the bearish zone.

By using this tool, traders can identify potential trend reversal areas and act accordingly.

Yefekt Oscillator Specification Table

The following table presents the specifications of the Yefekt Indicator:

Yefekt Indicator at a Glance

The Yefekt Oscillator displays the market trend based on the formation of histograms in the positive and negative phases.

Bars formed in the positive phase appear green, indicating a bullish trend. In contrast, bars in the negative phase turn red, showing a bearish trend.

Bullish Trend Conditions

Based on the 30-minute AUD/USD chart, the formation of green bars in the positive phase indicates a bullish trend.

Additionally, the consecutive formation of tall bars signifies the strength and continuity of the upward movement.

Bearish Trend Conditions

According to the 1-hour Solana (SOL) cryptocurrency chart, the indicator identifies the bearish trend by forming red bars.

In these conditions, the height of the bars indicates the strength of the trend, while their consecutive formation reflects the continuation of the downward movement.

Conclusion

The Yefekt Oscillator is designed to identify trend reversals and displays bullish and bearish market conditions using green and red bars.

The +0.5 and –0.5 levels act as key boundaries for price direction changes.

Based on price action, this indicator plots histograms and provides more precise signals in trending markets.