metatrader 5 using ex5 or mq5.
you need metatrader4.
thanks for the indicator
i like it's very simple and i hope it's very usefull an obos indicator thankyou for shared
You must be FX greenhorn?
When indicators are oversold (20/30) it is a time to look for buy and if they are overbought (70/80) it is a time to look for sell.
Can please recommend settings and timeframe for this indicator, it seems repaints at H1
The RSI settings you have to test it to your temperament. Most common settings are RSI 2,7,10,13,14 and 21. I use mostly RSI (10). If price comes trough the 20/80 support/resistance lines wait for turning around in opposite direction and break the line again. Especially on Stochastic it could take a week!
Here's another way to use RSI. Set to 5 with one level at 0.0 Also use a 50 SMA.
Price above 50 SMA and RSI above 0 look for longs
Price below 50 SMA and RSI below 0 look for shorts
I use this technique: RSI (10) with 10SMA in the same field. If 10 SMA over RSI SELL, if RSI over 10 SMA BUY. Very accurate indications. You can change the 10SMA to 10EMA for faster indications.
But yours cksinfo is also interesting, I will check.
That also sounds interesting. I'll check it out as well. I just recently started playing with little used numbers for stoch. 30,3,3 seems to have some merit on the 1 hr chart(seems to screen out smaller unwanted dips and rises). Levels at standard 20 and 80.
BTW I'm also in On, Canada(Ottawa)
Then you drink everyday coffee with Harper? Must be annoying. I am from Kitchener.