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Overbought/Oversold Indicator Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=61064
Forum: 31 · Topic 61064 · 13 post(s)
Overbought/Oversold Indicator Strategy
Apprentice · Fri Aug 22, 2014 4:48 am
Please Install OBOS Indicator. viewtopic.php?f=17&t=3664
Open Long On OB Level CrossOver On Cental Level CrossOver On OS Level CrossOver
Open Short On OB Level CrossUnder On Cental Level CrossUnder On OS Level CrossUnder
Overbought Oversold Indicator Strategy.lua
The Strategy was revised and updated on December 11, 2018.
Re: Overbought/Oversold Indicator Strategy
7510109079 · Mon Sep 15, 2014 10:40 am
This is a great indicator in both rangebound and trending markets. I use a CCI as confirmation.
Currently alerts are triggered in relation to a numeric value between 100 and -100.
Could we have a 2nd type/choice of alert trigger incorporated?
i.e. an option of triggering an alert with a bar colour change (not numeric value)
Four Options in this category-
- high risk long entry: when a bar changes from RED-to-BLUE
- high risk short entry: when a bar changes from GREEN-to-BLUE
- lower risk long entry: when a bar changes from BLUE-to-GREEN
- lower risk short entry: when a bar changes from BLUE-to-RED
There would need to be an initial master choice selector to tell the program which alert trigger the user wants to use i.e. number trigger or colour trigger
Re: Overbought/Oversold Indicator Strategy
Apprentice · Wed Sep 17, 2014 10:50 am
Your request is added to the development list.
Re: Overbought/Oversold Indicator Strategy
7510109079 · Wed Sep 17, 2014 11:41 am
Re: Overbought/Oversold Indicator Strategy
7510109079 · Tue Sep 23, 2014 6:25 am
addendum to request: App,
Maybe to prevent false signals, and therefore allowing more customisable signals to be generated, - instead of an ‘either/or’ scenario, you can combine the two types of signal so that an alert/trade is only made when both conditions are satisfied
i.e. an alert/trade will only be actioned if the chosen colour change occurs above or below a specified numeric OBOS value
so the user specifies e.g.
- high risk long entry: when a bar changes from RED-to-BLUE AND
- OBOS value of e.g. under -75 (user set value)
thx in advance
Re: Overbought/Oversold Indicator Strategy
7510109079 · Tue Sep 23, 2014 6:31 am
just a real quickie while we are waiting for the above
Can you include user specifiable OBOS horiz lines in the GUI
…because Each time i open MScope my horiz lines i put there previously disappear. they also dont seem to being saved in a template either. Driving me nuts!
i.e.
Re: Overbought/Oversold Indicator Strategy
7510109079 · Sun Sep 28, 2014 7:07 am
dont worry about this task now as I have someone else working on it, thx
Re: Overbought/Oversold Indicator Strategy
Hpraspernickel · Sat Nov 08, 2014 12:28 pm
Bravo! This thing is beautiful! Ben
Re: Overbought/Oversold Indicator Strategy
Andersan · Thu Nov 13, 2014 6:18 am
Read the “Let’s develop together” articles in the “Indicator development” forum:
Re: Overbought/Oversold Indicator Strategy
lobogrande · Sat Nov 15, 2014 5:14 pm
Was this strategy updated to trigger when the colors change?
Re: Overbought/Oversold Indicator Strategy
easytrading · Tue Nov 18, 2014 3:52 am
Hello Apprentice,
is it posibole to develop a second version of this strategy based on indicator’s bar color changing ? as it was requested in detial by 7510109079 and lobogrande .
thank you as always.
Re: Overbought/Oversold Indicator Strategy
Apprentice · Thu Nov 20, 2014 5:37 am
Requested can be found here. viewtopic.php?f=31&t=61489
Re: Overbought/Oversold Indicator Strategy
Apprentice · Sun Dec 11, 2016 10:23 am
Strategy was revised and updated.