YF Magic Oscillator

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== Magic Oscillator

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Hallo Trader,

If you are an experienced trader, you agree with me that oscillators - cci, stochastic oscillator, rsi, rvi, wpr, ... - are not reliable in strong trending markets. You have to be cautious with the overbought/oversold information from these tools.

Therefore I developed a brand new approach... and created a Magic Oscillator.

This oscillator is developed for finding reliable Highs and Lows combining the best of the before mentionned oscillators and taking into account the trend information. You can switch between yesterday trend and today's trend.

In doing so this innovative oscillator points out reliable reversal zones.
Please consult the screenshots. Give it a try you will be amazed.

This indicator complements very well with my free tool YF MarketWatch... https://www.mql5.com/en/market/product/165532

Happy Trading to You!

Best regards, Peter


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