This is an oscillator, better than CCI
and to be used with Supertrend
It is meant of scalping in running trend
suppose the price is below superT and oscillator touches 100 and returns
then we can initiate a short for few bucks and vice versa for buy
Point to note is…. Oscillator must not be above 100 or below -100
for more than 1 candle, it must just touch and returned.
I tested it on 3 mins timeframe and gave good returns.
Indicator is 100% Non-Repainting but for candle to close…
and gives best results on 3 mins timeframe
Click HERE to add an indicator to your chart
