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a simple 3 D oscillator

a simple 3 D oscillator
By jaguar1637 2741 days ago Comments (2)
image
От 23 септември 2011

a simple 3 D oscillator

Comments

  • JohnLast 2740 days ago
    image
    От 23 септември 2011

    This is a composite oscillator it is based on RSI, Stoch and Tunnel. The use of the 3D oscillator is the same as any other oscillator.

    The signals for discretionary trading are as follows:

    1. Alerts of the 3D Oscillator

    There are two types of alerts a green dot and a red dot. That means a cross over between the main line and the signal line. 

    Green for buy

    Red for sell

    3. Trend identification with the 3D Oscillator

    Bullish: If the Oscillator is above 0 line

    Bearish: If the Oscillator is below the 0 line

    4. Overboought and Oversold identification

    This timee use the current market situation

    Overbought when somewhere above 100 (for example look for 110)

    Oversold when somewhere below 100 (for example look for 110)

     

    In practice the discretionary trading would combine the signals in order to achieve a better acuracy.

    For example you could use different settings of the indicator. One setting would be for trend identification and another for timing an entry.

     

  • JohnLast 2740 days ago

    Critical appreciation

    However I think that this indicator would benefit from some digital smoothing. And of course this is completely discretionary only if you insert the indicator into an EA you could know how it would perform.