amazing indicator, gave you a follow. dont get rid of it. Amazing work
umur.ozkul
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I am using this oscillator with Stoch RSI to get a strong confirmation on buy/sell points and trend reversals
umur.ozkul
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To buy with the best price, use the dips in the red line. If a dip is at a higher price then the previous dip then you are looking at a higher low. BUY
To sell with the best price use the spikes in the green line. If a spike is at a lower price then this might be your last chance to SELL
umur.ozkul
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This oscillator is based on RSI.
You can imagine red and green lines trying to push each other. Red is trying to push up. Green is trying to push down. Sometimes one becomes more powerful. And we want to buy low
Red line crosses over green line. Prices cannot go higher. TAKE PROFIT
Green line crosses under. Prices cannot go lower. BUY
In general you treat this like RSI, however, when buying follow the red line and when selling follow the green line.
umur.ozkul
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Here you can easily see opportunities forming. Some examples are:
You want to buy. Follow the red line. It's increasing and prices dropping. That signifies an upcoming trend reversal. Start looking for opportunities after the reversal.
You want to buy. Follow the red line. It's increasing and prices are almost flat. Upcoming price explosion. BUY
You want to sell. Follow the green line. It's dropping and prices are increasing. Trend reversal ahead. Be ready to exit.
You want to sell. Follow the green line. It's dropping and prices are almost flat. Upcoming crash. SELL