9# Overbought and oversold zone indicator filtered by Damiani Volameter

Damiani Volameter

 

 

Submit By MarkFX 06/07/2013

 

This is not a forex strategy but only a working hypothesis of research.

 

 

 

For intraday Trading

Time Frame 15 min, 30 min.

Currency pairs any

 

Rules:Overbought and oversold zone indicator filtered by Damiani volameter

 

Trades Zones are when green line of Damiani Volameter is below line gray

 

Forex Indicators for intraday trading

Overbought and oversold zone indicator;

Damiani volameter, (The trades zone are " the not trade zones Damiani Voltameter" );

Pivot Points levels.

 

Buy

1) wait that the value of the Overbought and oversold zone indicator reaches or breaks the level of -8;

2) buy the  when it turns red reaches or breakes the level (-4).Open buyposition at open next bar.

 

Note: if the value  of the Overbought and oversold zone indicator reaches or breaks the level of -8 and the level -4 (Do not Entry).

 

Sell

1) wait that the value of the Overbought and oversold zone indicator reaches or breaks the level of 8;

2) Sell the first  when it turns red reaches or breakes the level (4). Open sell position at open next bar.

 

Note: if the value  of the Overbought and oversold zone indicator reaches or breaks the level of 8 and the level 4 (Do not Entry).

 

Exit Position intraday trading:

Profit Target predetermined that dependes by pairs and time frame;

The Pivot Points levels.

Overbought and oversold zone indicator filtered by Damiani Volameter

Overbought and oversold zone indicator filtered by Damiani Volameter
Overbought and oversold zone indicator filtered by Damiani Volameter: Indicators and Template.
Overbought and oversold zone indicator f
compressed file archive 128.8 KB

 

Share your opinion, can help everyone to understand the forex strategy

 

Overbought and oversold zone indicator is a free indicator is also

cloned e sell how Forex MTN see picture.

ForeMNT
ForeMNT

Write a comment

Comments: 4
  • #1

    Silvano (Monday, 09 June 2014 06:48)

    Is there a possibility to reduce the number of bar ? ( one day - two day)
    because make the system too slow
    thanks

  • #2

    Silvano (Sunday, 10 April 2016 10:09)

    Hello Mr. Mark,
    Is possible to buy your "overbought and oversold zone indicator" ? I need to make some modification and your help is appreciate.
    waiting your answer.
    Silvano ( mail: sideto@tiscali.it )

  • #3

    Silvano (Thursday, 16 June 2016 11:41)

    I have some problem with this indicator that disappear when windows7prof update.
    Any help is appreciated

  • #4

    Silvano (Sunday, 19 June 2016 20:38)

    Very good indicator that I use a lot. There is one problem only during Windows update sometime the indicator disappear. I will appreciate your suggestion.
    thanks
    Silvano