5-34-5 Oscillator for MT5 Download – Free – [TradingFinder]

The 5-34-5 Oscillator is actually an advanced version of the "Awesome Oscillator." Instead of displaying data in histogram form, this tool presents them as lines.

This indicator, with one main line and one signal line, provides traders with a clear view of the market trend.

The main advantage of this version lies in its faster recognition of momentum changes and earlier signal generation compared to the classic "AO." In addition, simultaneous line crosses above the zero axis can serve as a strong confirmation of the beginning of a new trend.

Indicator Specification Table

The specifications of the 5-34-5 Oscillator are described in the table below:

5-34-5 Oscillator at a Glance

In the 5-34-5 Oscillator, trading signals are generated based on the position of the lines relative to the zero level and their crossover.

When the lines cross upward, it signals the beginning of a bullish move, while a downward crossover indicates the start of a bearish trend.

Buy Trade Setup

Based on the Bitcoin (BTC) cryptocurrency, chart in the 30-minute timeframe, when the 5-34-5 Oscillator lines cross upward, it is considered a sign of the start of a bullish move.

Additionally, the position and fluctuation of the lines above the zero level indicate the stability and continuation of the upward trend.

Sell Trade Setup

According to the EUR/JPY chart in the 1-hour timeframe, a downward crossover of the oscillator lines is considered a signal of the beginning of a bearish trend.

Furthermore, the movement and fluctuation of the lines below the zero level indicate the strength and dominance of sellers in the market.

Conclusion

The 5-34-5 Oscillator has been developed to identify bullish and bearish trends in markets such as Forex market, cryptocurrency, and other assets.

The signal generation of this indicator is based on two lines, making the process of identifying suitable entry and exit points much simpler.

This tool clearly reveals momentum shifts and the start of new trends by displaying the position of the lines relative to the zero level and their crossovers.

In addition, its flexibility across all timeframes and usability by traders of any skill level has made it one of the most popular and practical versions of the "AO."