9# Overbought and oversold zone indicator filtered by 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.

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.

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Overbought and oversold zone indicator filtered by Damiani volameter

A Volatility Trading Method