thanks a ton been struggling as of late..getting chopped to pieces..other problem i always seem to sell first..new to forex 2 mos. having trouble being patient..trying to find a style
It is a simple oscillator - "Close - 7-day MA" I always use it to identificate overbought/oversold level. It is more informative, cause it is not relative - it has no borders like RSI or Stochastic. My overbought - peak or near peak of this oscillator on daily basis. Oversold - vice versaGreat post. Agree totally. just need a little precision: what is the oscillator plotted on the chart?