Range Oscillator - Professional Overbought\Oversold Indicator

ChartSecret · #1 (**permalink**) 07-13-2009, 03:12 PM

Professional trading indicator identifies trend turning points

I have been trading for 3 years - started with indicators and now trade based only on charts. I got frustrated of the traditional indicators, because as you know they are all lagging. MACD, Moving Averages - they are all good to watch the past, but trading with them is difficult and generally not profitable. Nevertheless, I was looking for an indicator to confirm my chart-based trades and did not find anything that suits my trading style. So I developed Range Oscillator.

The Range Oscillator is a OverBought \ OverSold oscillator highly sensitive to market reversals which is able to pin point reversals in trends and retracements of existing trends, for low-risk point of joining the market. It provides my trades extra confirmation and enhanced my trading performance.

It looks for areas of Support and Resistance that are high-probability reversal ZONES for price, and alerts the user when a reversal is about to happen.

Judge for yourselves:

Fig. 1: Demonstration of Range Oscillator in action

Fig. 2: Demonstration of Range Oscillator in action

Fig. 3: Range Oscillator confirms Wedge Chart Pattern

Fig. 4: Range Oscillator identifies Retracements in trends

Price
Price for the indicator is 34.99 Euro.

Official Site
Range Oscillator | ChartSecret.com

I will gladly answer any questions and post recent examples.

Michael,
ChartSecret.com Administrator

Piece Of The Pie · #2 (**permalink**) 07-13-2009, 07:46 PM

Looks promising.

Question... On your first chart (EUR/USD - 4Hour) the price went up almost for one straight month from May 1 - June 1.

How come the indicator never got close to showing "overbought"?

(ie. it looks like better signals for buys than sells)

Thanks in advance for your reply.

P.O.P.

ChartSecret · #3 (**permalink**) 07-14-2009, 11:01 AM

Quote:

Originally Posted by Piece Of The Pie

Looks promising.

Question... On your first chart (EUR/USD - 4Hour) the price went up almost for one straight month from May 1 - June 1.

How come the indicator never got close to showing "overbought"?

(ie. it looks like better signals for buys than sells)

Thanks in advance for your reply.

P.O.P.

Hey Piece Of Pie..

The indicator's calculation is a bit different than usually Overbought \ Oversold indicator. It attempts to find the highest probability entry points that provide only the best trading signals.

When determining OverBought and OverSold several price-based calculations are made, not only how much price traveled or how many new highs it made. The strength of trend in this period was so high that any short signal would be weak and therefore no short trades were signaled.

And regarding the Long bias.. There are examples of good short trades, too

Best Regards,
Michael
ChartSecret.com

beto1 · #4 (**permalink**) 07-17-2009, 12:10 AM

Hi has anyone bought this indicator? I am interested but I have been fooled many times.
Thanks for your answer

ChartSecret · #5 (**permalink**) 07-21-2009, 11:12 AM

beto1: I can assure you, we are not here for the short-term and definitely not interested in fooling our customers. If you are not completely satisfied - you will receive your money back - and that is a guarantee.

Attached are several recent examples from last trading days.

We are here to answer any questions that may rise.

Michael,
ChartSecret.com

marius.pacevicius · #6 (**permalink**) 08-26-2009, 06:28 AM

Yeah if anyone has purchased it? please let us know if that works?

tradertheo · #7 (**permalink**) 08-27-2009, 08:52 PM

Quote:

Originally Posted by ChartSecret

beto1: I can assure you, we are not here for the short-term and definitely not interested in fooling our customers. If you are not completely satisfied - you will receive your money back - and that is a guarantee.

Attached are several recent examples from last trading days.

We are here to answer any questions that may rise.

Michael,
ChartSecret.com

hi there- wanted to know if will work on any timeframe- see you have samples of 4 hr 1 hr 30 min charts- will it work on 5 min for smaller extreme levels too?- what size stops do you use- as i see that the turning point gets taken out from time to time

tradertheo · #8 (**permalink**) 08-27-2009, 08:55 PM

will this work on smaller timefrmaes like 15 qnd 5 min too? what size stops do you use with this indicator?

ChartSecret · #9 (**permalink**) 08-30-2009, 08:48 AM

Quote:

hi there- wanted to know if will work on any timeframe- see you have samples of 4 hr 1 hr 30 min charts- will it work on 5 min for smaller extreme levels too?- what size stops do you use- as i see that the turning point gets taken out from time to time

Yes. Range Oscillator works on any timeframe. You might want to adjust the Period settings to match your timeframe best (I have mailed you regarding this issue) but generally the default period is good for most timeframes. I will post example of 5-minutes and 15-minutes later this week.

Regarding stop:
There is no constant size of stop loss - it is relative to price action. For long trades we recommend putting stop loss below lowest low of 3 last candles, and the opposite for Short trades.

Update:
A video trade, done with the Range Oscillator:
http://www.youtube.com/watch?v=NeYQaHOMYsQ

ChartSecret · #10 (**permalink**) 09-05-2009, 10:15 AM

Hey Guys, Michael here.

As the clients which purchased the Range Oscillator know, I like to develop indicators that produce leading signals - that PREDICT the reversals and get you in early and quickly.

Because I am a Chartist I trade mainly Support and Resistance areas - and I have set myself a goal to develop an indicator that produces buy and sell signals using Support and Resistance. So I have created TrendLineX.

Fig. 1: TrendLineX™ Indicator signal precise entry points, with tight stop loss

Fig. 2: TrendLineX™ Indicator identified trend reversal, and won +485 pips in 1 trade

[b]Fig. 3: AUTOMATIC Stop Loss for this EXACT reversal entry

TrendLineX™ automatically finds solid areas of Support and Resistance, and generates 100% mechanical buy and sell signals - with no manual analysis!

TrendLineX also provides automatic Stop Loss position to minimize Risk and maximize Yield.

Why TrendLineX™ Is the Best Trading Indicator: