DMX Oscillator Metatrader 4 Indicator
This indicator is called the DMX indicator. The DMX fluctuates above and below the zero line (centerline). Forex traders can use this indicator for zero line crossover signals, bullish and bearish divergences,…
The Most Common Trading Signals From DMX
BUY: Buy a bullish zero line crossover (above 0.00). DMX color changes from red to green bar.
SELL: Sell a bearish zero line crossover (below 0.00). DMX color changes from green to red bar.
DMX is best used in conjunction with trend following indicators such as simple moving averages.
Configurable Indicator Options
Colors, WeightDM, WeightDI, WeightDX, WeightOut,…
USD/JPY 1 Hour Chart Example