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How to use the Oscar OscillatorOSCAR Oscillator by GenZai Green line is the Oscar Rough Red line is the Oscar By default based on the 8 last candles and smoothed using RMA Purple line is the Slow Oscar By default based on the 16 last candles and smoothed using WMA HOW TO USE Exit signaling This indicator can be used as an exit indicator when line cross each other. Entry signaling When the green line crosses up, it indicates a long entry When the red line crosses up, it indicates a short entry Overbought/Oversold When the indicator crosses the dashed grey lines it indicates Overbought Oversold Slow Oscar Add-on This is an Add-on to the orignal Oscar indicator Can be hidden if you want the original experience of the Oscar indicator. Can be used as a confirmation indicator by looking at the direction of the slope to verify is your are trending long or trending short. Can be used as a baseline to confirm signals given by Oscar Can be used to tweak your signals and test different settings. Stock or Forex? The program was originally written for stocks, but works equally well with the Forex market. How this indicator is calculated ? This is the formula we use to calculate the Oscar: let A = the highest high of the last eight days (including today) let B = the lowest low of the past eight days (including today) let C = today's closing price let X = yesterday's oscillator figure (Oscar) Today's "rough" oscillator equals (C-B) divided by (A-B) times 100. Next we "smooth" our rough number (let's call it Y) like this: Final oscillator number = ((X divided by 3) times 2), plus (Y divided by 3). SETTINGS: You can choose between different smoothing options: RMA: Moving average used in RSI. It is the Adjusted exponential moving averages (also known as Wilder's exponential moving average) SMA : Simple moving average EMA : Exponential moving average WMA : Weighted moving average The Script can be found here:
Education
by GenZai
6
XAUUSD Buy to 1949Hello traders! There is Very strong Support @ 1920. Market is going to hit 1949 Target. Target is set using my strategy. We smashed the Gold with 500+pips Target again in this month i hope you are taking benefit from my Money making strategy. Even there was All time High resistance but my strategy worked perfectly. It catches the real movements and give exact figure of target. REAL PROFITABLE STRATEGY!! Just hit the like button for appreciation and follow to catch every wave correctly. Thanks to my strategy Every month is in profit now. I wish i would have figured out this strategy Early. Gold performance May ends in 1000 pips profit june ends in 1100 pips profit July up 1250 pips Previous Post
FX:XAUUSDLong
by Aadil1000x
12
AUDCAD: Entry: Worth the Risk?I think now at a small dip, might actually be good for a small time frame pattern to buy AUDCAD as an entry. Right now I'm bullish and think that it will go back up for support levels. That being said, it is mid risk. Everything I say is on an opinion based basis. Please do your own due diligence and pursue at your own risk. What I say isn't meant to be taken as actionable financial advice, and you should always proceed after investigating yourself.
Long
by gamer456148
EURUSD Update Set third entryHello Traders! We are in Buy in Eurusd from 1.1220 that we entered on 29th june, As I told you Eurusd is moving towards 1.1570 and we will enter more trades on correct time for maximum profit from one trade. First entry is in 180 pips profit and second entry is in 110 pips profit now set third entry at the support area we might enter fourth entry near 1.1450. Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas. First entry Second entry
Long
by Aadil1000x
7
I'd say it matters but honestly does anything matter anymore?... anyways, point is we have entered the channel occupied pre-covid. We have already hit it's ceiling (see hand pointing) Now we test the bulls. If support holds mid-channel. we will probably begin an attempt to enter the sur-channel region, just above the 230's. I believe we won't initially hold 310 however, given the psych-influenced support built around whole numbers especially round-hundreds. this will also toss creedence to the 50 period ema which is sitting comfy just above the channel floor.
AMEX:SPY
by BingoMoney
6
LRC/BTC - LONG - POTENTIAL 18%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: LRC/BTC T/F: 1HR LENGTH: MEDIUM ENTRY: 1060 TP1: 1092 TP2: 1131 TP3: 1187 TP4: 1251 SL: 977 NOTES: - Broken back through support/potential S/R flip - Bounce off RSI Trendline - Support breakthrough - Pullback sitting on strong support - If support holds then it should continue uptrend - Uptrend KEY: SHORT = < 7 DAYS MEDIUM = < 1 MONTH lONG = > 1 MONTH ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am taking please trade safely and responsibly.
Long
by Kryptochristian
EURUSD SHORT SETUP ON H4 TIMEFRAME! Good day traders! I hope you all have a great trading day ahead! Start off with EURUSD. Price has been pretty bearish recently and price action dictates that bullish momentum has slowly fade and bear market has taken charge. Head and shoulder has been formed in H4 timeframe and price is ranging on EMA 55. To have a good short setup, we are looking for a retest to EMA 55 which is inline with the price structure. Entry price: 1.1280 SL: 1.1300 TP: 1.1179 Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
GBPUSD-LONGPotential Long on GBPUSD. Price is approaching the daily trendline and is coming up to a previous level or support/resistance. The level I've highlighted in pink lines up with fibonnaci levels. I'm looking for a break and retest of the descending trendline to take this long. Fundamentally the pound is trying to recover and USD is still unsteady. However, if price breaks the daily trendline, I will be looking for a short off of the retest of the descending trendline and previous support/resistance.
Long
by Theintuitontrader