BoB Osc AM
- Indicadores
- Andriy Matviyevs'kyy
- Versión: 26.0
- Activaciones: 5
This indicator displays in the form of an oscillator the difference between the maximum/minimum prices for the current period of time and the maximum/minimum price for a longer period.
An increase in indicator values above zero indicates that the maximum price for the current period is greater than the maximum price for the period selected as an indicator parameter.
This situation in most cases indicates an increase in the value of the asset.
A drop in indicator values below zero indicates that the minimum price for the current period is less than the minimum price for the period selected as an indicator parameter.
This situation in most cases indicates a fall in the value of the asset.
To enter the market, you should wait for the first bar at which the indicator value is greater or less than zero, and set a pending order to overcome the high or low of such a bar.
On fully formed bars the indicator is not redrawn.
The indicator is easy to set up and is effective in trending areas of the market.