Introduction to Delta Indicator

The majority of oscillator lines are set to indicate short-term momentum or trend. While most oscillators can support long-term trends, many were designed to identify the short-term and medium-term trend direction.

The Delta Indicator does the exact opposite. This oscillator was created with a preset that indicates the long-term trend direction.

What's the Delta Indicator?

The Delta Indicator, a momentum oscillator that tracks trends, indicates the direction of long-term trends.

This indicator plots two lines that oscillate freely on its indicator window. It plots the faster and slower oscillator lines in red and blue. Based on the stacking of these lines, trend direction is indicated.

How does the Delta Indicator Work?

The Delta Indicator uses a few underlying moving average lines in its script, especially Exponential Moving Average lines (EMA). The indicator then converts the two moving average lines into oscillators, and plots the lines in its own indicator window. The two oscillator lines are derived in this way from the two underlying EMA line.

How to Use the Delta Indicator For MT4

There are many variables that traders can use to adjust the sensitivity of Delta Indicator.

The "sper" variable refers the number of periods that were used on the underlying slow moving average line. While the "fper", variable refers the number of periods that were used on the faster moving average line.

The Delta Indicator is a tool that can objectively determine the long-term trend direction and bias. If the red oscillator lines are above the blue, the market is in an upward trend. Contrarily, the market will go down if the red oscillator line is below theblue line.

The Delta Indicator can be used to detect long-term trend reversals. As a long-term signal of a trend reversal, the crossing of the red and blue lines may be useful. Crossing the red line over the blue line may signal a possible bullish long term trend reversal. The inverse of this could indicate a potential bearish longer-term trend reverse.

Trade Setup

How to Enter?

When the red Delta Indicator line crosses over the blue line, open a buy order. Place the stop loss below the entry candle.

When do you want to exit?

When the red line crosses under the blue line, close the trade.

Setup for Trades

How to Enter?

When the red Delta Indicator line crosses under the blue line, open a sell order. Place the stop loss at the resistance higher than the entry candle.

When do you want to exit?

When the red line crosses over the blue line, close the trade.

Conclusion

The Delta Indicator can be used as a reliable indicator of long-term trends. It produces very accurate long-term trend reversal signals. Although it's not perfect, it's much more accurate than other oscillators in identifying long-term trends.

This indicator is very promising for long-term trends, but traders should still test it out before using it in live trading accounts.

Indicators - Download Instructions

Delta Indicator for MT4 (Metatrader 4 or MT4) is a Metatrader 4 indicator. Its purpose is to transform the accumulated historical data.

Delta Indicator for MT4 allows you to spot patterns and peculiarities in price dynamics that are not visible to the naked eye.

This information allows traders to assume additional price movements and adjust their strategies accordingly. Click Here for MT4 Strategies

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How do I install the Delta Indicator in MT4.mq4

• Download Delta Indicator for MT4.mq4
• Copy the Delta Indicator for Metatrader 4.mq4 to your Metatrader Directory/experts / indicators
• Metatrader 4 Client can be restarted or started
• Choose Chart and Timeframe to test your MT4 indicator
• You can search "Custom Indicators" using your Navigator, mostly left in your Metatrader4 Client
• Right click on Delta Indicator to access MT4.mq4
• Attach a chart
• Change settings or click ok
• Your Chart has the Indicator Delta indicator for MT4.mq4.

How do I remove the Delta Indicator from MT4.mq4 in my Metatrader Chart?

• Select the Chart in which the Indicator is running in your Metatrader4 Client
• Right-click to open the Chart
• "Indicators list"
• Select the indicator and click delete

Delta Indicator MT4 (Free download)

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