Hi forum, here is a post that I am reprinting-
The indicator (if you’re looking for just one to simplify things) that reveals to you visually when a Market is slowing down, making lows and positioning for a reversal would have to be the “Simple Oscillator”. Use the Oscillator Bars instead of the Line and post your Oscillator “on” your screen (behind your candlesticks), do not post it on the bottom pane. Use this indicator on your 30 min. & 1 Hour Charts. Here’s how to work it. Let’s say the Market you’re following is dropping. Wait for the Simple Oscillator bars on your screen to touch down to the bottom of your screen from the “0” line and then they begin to move back up, shortly afterward, the Market will do the same. It to will touch down to the bottom of your screen an then begin to trade back up - this is where you get in. This Oscillator when placed “on” your screen (behind your candlestick’s) will show you just how low the Market will touch down to the bottom of your screen before the Market actually does so. Reverse, of course for an uptrend. Sometimes both the Oscillator & the Market will move in tandem, but the Oscillator is usually just ahead of the Market & oftentimes it is days ahead of the Market on the 30 min. or 1 Hour frames. Try it on a 5 min. chart to get the feel of it. But please, please, please be aware of the Momentum for the particular Market which you are following. Lately I’ve been combining this Indicator with the Parabolic SAR. Regards. Hopes this helps you.
Note the ‘the oscillator is usually just ahead of the market and oftentimes it is days ahead of the market on the 30m or 1hr frames’ line.
This is from a member that seems to have been banned!
Not sure if this should be in the newbie forum, but does anyone know about the Simple Oscillator, and is there any credence to these claims? Also how to set it up as described?
Look forward to any responses,
Dave.