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Danny

By Danny
in Trading Systems and Strategies

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abdob Newbie

abdob

Posted
Posted
This indicator is nothing special. It uses Stochastics and DeMarker indicators to determine if the market is Overbought or Oversold, then confirms it using OsMA. All free indicators that come with Metatrader.
retireme Newbie

retireme

Posted
Posted

Thank you for your comments:

 

However, I have a question for you! If Danny hadn't shared it, would you have be able to illuminate us with your verdict?

 

A small thanks is surely within your capabilities too!

 

Rgds

RM

 

 

 

This indicator is nothing special. It uses Stochastics and DeMarker indicators to determine if the market is Overbought or Oversold, then confirms it using OsMA. All free indicators that come with Metatrader.
abdob Newbie

abdob

Posted
Posted (edited)
Thank you for your comments:

 

However, I have a question for you! If Danny hadn't shared it, would you have be able to illuminate us with your verdict?

 

A small thanks is surely within your capabilities too!

 

Rgds

RM

 

I do thank him for posting it, and yes, I would have been able to tell just based on the screen shots (the Overbought and Oversold messages are usually a dead give away). I've been trading FOREX for 10 years. I've seen every indicator and combination of indicators there is. The ultimate goal is to save people money. I don't want to see anyone buy useless indicators. So thanks to Danny for posting it and I hope you are all grateful for me explaining it. Also thank you to Retireme, apologies if I acted ungrateful, I will take that in to consideration next time.

Edited by abdob
hermes Newbie

hermes

Posted
Posted
This indicator is nothing special. It uses Stochastics and DeMarker indicators to determine if the market is Overbought or Oversold, then confirms it using OsMA. All free indicators that come with Metatrader.

 

Ye, but put the indicators to work in synergy is a mastery!

Hermes

  • 2 months later...

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