The 3D oscillator indicator for MT4 oscillates between +127 and -134. Extremely overbought values can be found at 120 and above. Extremely oversold values can be found at -120 and below.
How to trade? Trade in the direction of the main trend. In an up trending market: look to buy at oversold values. In an down trending market: look to sell at overbought values.
Download link: Click here to download the 3D Oscillator.mq4 indicator
3D Oscillator Indicator Chart Example (EURUSD H1)
Platform: Metatrader 4
Indicator type: Oscillator