Here is the latest working of the True Oversold Overbought. Open buy trades after the indicator line crosses -5000 and sell when the line drops below 5000. The best results are in higher timeframes. As you probably already know, the best place to check for oversold or overbought status is in the higher timeframes.
jabautista #: They are not arrows or alerts with this indicator, correct?
Hello dear customer, Sure there are none for now. However, we shall be including convergence/divergence arrows in the future. The only arrows that were there are the conv/diver arrows which we recalled but will be added later.
Rectangles draw when indicator reaches overbought/oversold levels as per user inputs
Secondly, you can now add user defined levels for oversold and overbought levels.
Lastly, we have added the coefficient value to improve the operations of the indicator.
Here is the full list of updates
1. This feature allows users who have the older version to keep using it or opt to use the updated version. This feature was added due to requests
2. The update improves the functionality and operations of the new version.
3.Thirdly, you can now add user defined levels for oversold and overbought levels. If you enable supercharge the system uses supercharge levels and not ordinary levels.
4. Lastly, there is a feature to draw the Rectangles when indicator reaches overbought/oversold levels as per user input levels.
TIP: There are sure ways to use the True Oversold Overbought indicator. See the chart.
TIP- Better profit: Take or lock profit when in over sold or overbought. See the fig below.
If it's a Sell, move SL just above the recent high while the indicator was below -5000
If you have a long position, move SL just below the recent low while the indicator was above 5000
✅ AUTOMATIC CONVERGENCE/ DIVERGENCE LINES & ARROWS ADDED:
Some users requested us to add automatic convergence/divergence trendlines.
With these new upgrades you can detect with ease when the market starts to behave in a way that suggests a reversal in the offing.
✅ SCREEN ALERT ADDED
Another upgrade is the added screen alert.
✅ AUTOMATIC CONVERGENCE/ DIVERGENCE LINES & ARROWS ADDED:
Some users requested us to add automatic convergence/divergence trendlines.
With these new upgrades you can detect with ease when the market starts to behave in a way that suggests a reversal in the offing.
✅ SCREEN ALERT ADDED
Another upgrade is the added screen alert.
THE CONVERGENCE/DIVERGENCE FEATURE HAS BEEN DISABLED TO ALLOW THE INDICATOR WORK WITHOUT COMPLICATIONS.
Here is the latest working of the True Oversold Overbought. Open buy trades after the indicator line crosses -5000 and sell when the line drops below 5000. The best results are in higher timeframes. As you probably already know, the best place to check for oversold or overbought status is in the higher timeframes.
See the example below.
They are not arrows or alerts with this indicator, correct?
Hello dear customer, Sure there are none for now. However, we shall be including convergence/divergence arrows in the future. The only arrows that were there are the conv/diver arrows which we recalled but will be added later.
The indicator has been updated with new features.
The indicator is now improved and better.
The indicator has been updated with new features.
The indicator is now improved and better.
Here is the full list of updates
1. This feature allows users who have the older version to keep using it or opt to use the updated version. This feature was added due to requests
2. The update improves the functionality and operations of the new version.
3. Thirdly, you can now add user defined levels for oversold and overbought levels. If you enable supercharge the system uses supercharge levels and not ordinary levels.
4. Lastly, there is a feature to draw the Rectangles when indicator reaches overbought/oversold levels as per user input levels.
Profitable trading to all.
They are not arrows or alerts with this indicator, correct?
Hey, and don't forget to update the indicator to receive the new functionalities.