BMI Long Term Oscillator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resources

The BMI bull indicator is designed by combining a variety of widely used indicators. technical analysis indicators. The tool includes Moving Average Oscillators, MACD, Bollinger Bands , and Stochastics, each of which is displayed using a different color.

By combining these indicators, this trading tool provides precise, filtered signals to identify major market trends.

BMI Long Oscillator Spec Sheet

The specifications of the BMI bull indicator are as follows.

BMI long-term indicators at a glance

The BMI Long Line Oscillator uses different colors and lines to show its components:

• Blue Line: Oscillator Moving Average (OSMA)
• White Line: Moving Average Convergence and Divergence (MACD)
• Pink Line: Signal Line
• Orange Band: Bollinger Band is on track
• Green Band: Bollinger Band is off track
• Yellow Line: Zero line as trend reference
• Colored Histogram: Shows trend strength and direction

bullish trend conditions

Based on the 1 hour chart of EUR/USD, the signal line, OSMA and MACD lines are above the zero line. Traders can consider this situation as a buy signal.

Bearish trend conditions

According to the AUD/CHF chart, the signal line, OSMA , and MACD lines are below the midline, indicating a downtrend.
Traders can use these signals as alerts that a bearish trend may begin.

BMI Long Line Oscillator Settings

The configurable settings of the BMI long indicator are as follows:

• FastMAPeriod: fast moving average period
• SlowMAPeriod: slow moving average period
• SignalMAPeriod: Signal line period
• MAmethod: moving average calculation method
• MAprice: The price type used in moving averages
• MAprecision: moving average calculation accuracy
• OsMAClr: OSMA line color
• MACDClr: MACD line color
• SIGNClr: Signal line color
• UBBClr: Bollinger Band upper track color
• LBBClr: Bollinger Band lower track color
• BBonSignal: Bollinger Bands signal activation
• BBonMACDline: MACD line Bollinger Band activation
• BBperiod: Bollinger Band calculation period
• BBdeviation: Bollinger Band standard deviation
• BBshift: Bollinger Bands chart movement
• BBprecision: Bollinger Band calculation accuracy
• Alpha_adjuster1: the first alpha adjustment factor
• Alpha_adjuster2: The second alpha adjustment factor
• MACD_Multiplier: MACD multiplier
• UseStochFilter: Use of random filters
• Kperiod: random K period
• Dperiod: Random D period
• Slowing: Random deceleration value
• ShowZeroLine: Zero line display
• ZeroLineColor: Zero line color
• ZeroLineStyle: Zero line style
• ZeroLineWidth: Zero line width

Conclusion

The BMI Bull Oscillator shows the direction and strength of the market trend by displaying a colored histogram and several auxiliary lines.
The main reference for trend detection is the zero line, and its crossovers above or below form the basis for trend detection buy or sell signals.
Additionally, the settings section allows modification of periods and colors to match the trader's style and strategy.