MT4 Point Zero Oscillator Indicator For MT4 1.0

The Point Zero Oscillator is a useful, popular, and free Forex indicator for MT4. The indicator is composed of two lines, the main line and the signal line. The main line is an oscillator that moves between 0 and 100. When the main line moves above 70, it indicates that the trend is strong and likely to continue. Conversely, when the main line moves below 30, it indicates that the trend is weak and likely to reverse. The signal line is a moving average of the main line and is used to generate buy and sell signals. The Point Zero Oscillator is a great tool for traders looking to identify potential trend reversals and measure the strength of the current trend.