RAMO Golden Saturation
1- RAMO Golden Saturation
RAMO Golden Saturation is the main indicators for RAMO manual trading system which is state the saturation of the market based on time series calculation.
Type : Histogram Indicator
Symbols : Multi currency
Timeframe : Multi timeframe
Colors definition : Blue ( Bullish candle ), Red ( Bearish candle ) & Gold ( Overbought candle)
This indicator calculate over sold/ bought in market based on time series and trend movement comparison.
RAMO G.S. has two main level for saturation as mentioned bellow:
Overbought: when the bar’s number is more than 97 it’s in the overbought area the higher number shows higher overbought.
Oversold: When the bar’s number is smaller than 5 and the bar size is getting smaller and smaller up to zero it shows the level of over sold in the market.
Live signal :From 25th of Feb. 2019 the signal is for our manual trading : https://www.mql5.com/en/signals/494365
Tips & tricks:
1- Overlapping the different time frames specially 4H, daily & Weekly simultaneously is the ideal time for finding one saturation in short time frame to booming the trend and it can shows the real peaks & bottom price.
2- Trader should wait until closing of the candle based on time frame ,to realize the real status of saturation,
How can we trade?
- Sell instance : Find the overbought and sell
- Buy instance : Find the oversold and buy
- Buy Stop: waiting breakout from overbought and set buy stop order at high price of last highest candle.
- Sell Stop: waiting breakout from oversold and set sell stop at low price of the last lowest candle.
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