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Robos

3.67

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Robos Indicator

The  ROBOS indicator is a multi timeframe oscillator that targets the overbought and oversold regions of a price chart, a signal is indicated by the two lines crossing, compatible with all tradable instruments


Latest Release


The latest release is the version 4.0


#What's new in version 4.0 ?

Features


Extreme oversold and overbought levels


  • ROBOS version  4.0 comes with cool new feature , the ability to target only extreme overbought & oversold prices , The new version also gives you the option to allow only extreme overbought or oversold signal alerts


#Input Parameters


* Mode: Enum options ( 'Mix','swing catcher, 'mix') 

* Look Back: 1000 ( the limit of the candles to calculate )


___Alert Options___

* Enable Alerts: True/false

* Enable Overbought & Oversold Alert: True /False

* Enable sound: True/False

* Mobile Notify: True/false

* Computer Alerts: True/False

* Sound file: alert.wav


___Overbought & Oversold Levels___

* Oversold Level + :  value  

* Overbought level - : - value //negative value


Note the overbought level should be set to negative( Add a negative sign " - " before adding the overbought level value)


-This will now enable the indicator to send notifications when the price has been extremely Oversold and Overbought

-You can turn off the  Overbought and Oversold Alerts notifications by setting the " Overbought and Oversold Alerts " to false

-This will not affect normal indicator functionality , all other alerts will still work fine with this feature turned off


#Indicator Usage?


Buying: Place your  Buy Entries when the lines cross below the zero  (0) line indicating a buy signal ,   you can  also target signals from overbought regions with new version 4.0; stop loss just a few pips below the swing low , A good exit strategy would be when the lines cross again  


Selling: Place your  Sell Entries when the lines cross from above the zero (0) indicating a sell signal ,  you can  also target signals from oversold regions with new version 4.0 ; stop loss just a few pips   above the swing high,  take profit when the lines cross again 


    This indicator  also usually works well when paired with the Price Tracker indicator 

#Compatibility  


-All tradable Currency pairs, Synthetic indices ,Metals,  Crypto, NASDAQ etsuitable for scalping and Swing trading,

-It can also be used as additional Confluence to enter a trade  when Price is at a significant level of supply and demand or Trend line touch

-MT4/MT5 versions available ,get in touch with us 

 

To see detailed information on how to use overbought and oversold levels , please continue reading here

https://www.mql5.com/en/blogs/post/750117


    Comentarios 3
    oge turder
    26
    oge turder 2022.08.02 20:05 
     

    RESPECT TO THE AUTHOR

    majdisalameh
    26
    majdisalameh 2021.08.28 09:58 
     

    I bought this indicator before three weeks. it makes my trading profitable and easier. thank you.

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    Agbakeleke Idowu
    517
    Agbakeleke Idowu 2024.08.14 20:14 
     

    So Bad. Couldn't make any profit with this indicator

    oge turder
    26
    oge turder 2022.08.02 20:05 
     

    RESPECT TO THE AUTHOR

    majdisalameh
    26
    majdisalameh 2021.08.28 09:58 
     

    I bought this indicator before three weeks. it makes my trading profitable and easier. thank you.

    Respuesta al comentario
    Versión 4.0 2022.08.08
    #1. Extreme oversold and overbought levels

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    Versión 3.1 2022.01.08
    improvements have been made, fixed bugs and added new features check them out
    Versión 3.0 2021.11.23
    Bug fix on alerts , they can be now be delivered programmatically
    'Mode's have been updated to provide more accuracy on signals
    Versión 2.8 2021.08.28
    Upgrade 2.8 includes :modified settings to make indicator more adaptable to market conditions ,
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    - fixed bugs from previous versions
    Versión 2.3 2021.07.18
    Added some new feature in order to best match market conditions