Awesome Oscillator

April 8, 2020
2 Comments
We can get different trading signals from this indicator.
I like the Twin peak or Twin low signals.
A – Twin peak sell signal: (Buy when the bars still below zero and sell when bars are above zero). I like this one as it gives us early entry to the trade.
1- Bar chart should be above the zero line.
2- The second new peak should be smaller than the first one(closer to the zero line)
Twin low Buy signal:
1- Bar chart should be below the zero line.
2- The second new low should be smaller than the first one(closer to the zero line)
B – Zero line crossing: look for 2 bars one below and one above the zero line.
First below second above means buy signal.
First above and second bar below is a short signal.
C- Saucer: (Buy when the bars are above zero and sell when bars are below zero).
I like this one as you can add to the existing profitable trades.
1- Buy if: The bars are above zero line. The second column is lower than the first one and is coloured red. The third column is higher than the second and is coloured green.
2- Sell if: The bars are below the zero line. The second column is closer to the zero line compare to the first one and is colored green. The third column is further away from the zero line compare to the second and is coloured red.

Here a link to the video