Here is the latest working of the True Oversold Overbought. Open buy trades after the indicator line crosses -5000 and sell when the line drops below 5000: These methods allow you to open trade early. The best results are in higher timeframes. As you probably already know, the best place to check for oversold or overbought status is in the higher timeframes.
See the example below.
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Secondly, if you want to re-enter the trend:
- Buy when the candle opens above the previous high (where the positive spike was last formed)
- Sell when the candle opens below the previous low (where the negative spike was last formed)
