[ChartSecret]

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

Official Site
Range Oscillator | ChartSecret.com

I will gladly answer any questions and post recent examples.

Michael,
ChartSecret.com Administrator

[Edita]

It doers look really nice but why don't you share it with us?or you are selling it for money?

[ChartSecret]

UPDATE:
A video showing a trade done completely with the Range Oscillator and won +58 pips:
YouTube - FOREX Indicator Identifying Reversals - Range Oscillator

[ChartSecret]

Several trades at the EUR\USD from last days.
If you wish to see examples of more pairs, please reply and specify which pairs.

Michael (ChartSecret.com)

[bossxero]

Can you post in JPEG plz?

[kenechukwu]

that was avery nice post thank you

[garfeel]

Hi

Ime new here and am a trader for the last six months, a forex trader for the last 4.

Would anyone be kind enough to point me to an ADR indicator for MT 4 please.

Thanking you in advance.

GM

[bossxero]

Originally Posted by garfeel

Hi

Ime new here and am a trader for the last six months, a forex trader for the last 4.

Would anyone be kind enough to point me to an ADR indicator for MT 4 please.

Thanking you in advance.

GM

Check this thread..

http://www.fxfisherman.com/forums/fo...alculator.html

[ehouse]

does this indicator work on the 5M Charts>

[Haystack]

This is just an "adjusted" and renamed oscillator... very similar to the Commodity Channel Index with a few "tweaks" to the period (obviously set to "80" as you can see it right on the chart) and the levels reset to -90.

I especially like the 2nd chart where there was a 300+ pip move down but the indicator was nowhere near giving a short signal. Congratulations on trying to sell us an indicator that is useless because you tweaked the period setting so high it takes forever to react... especially after writing in your post that you don't trade with indicators. You complain about lagging indicators yet you try to sell one set to a period of "80" that will lag 6 times as much as the normal settings in the indicator you corrupted.

Another waste who can't make it as a trader and is trying to take advantage of those who don't know any better...