Find The Best Pairs For Your Strategy With This Indicator

Hey Team,

I am back with another brand-new indicator the OGT RSI SENSITIVITY v1.0.

This indicator will give you a TRADING EDGE as it shows if a currency pair has mean reverting or momentum properties.

Any trading strategy is ultimately a mean reverting or momentum trend trading strategy. Would you like to know WHICH PAIRS and TIME FRAME best suits your strategy?

The OGT RSI Sensitivity Indicator scans all RSI overbought/oversold signals of a currency pair and calculates whether the outcome of each signal mean reverted or continued momentum.

We know that the movement and volatility of a pair changes over time, with short and long term scan periods to choose from, you can tell a currency pairs property in CURRENT MARKET CONDITIONS.



The indicator is completely customisable with your own RSI period, OB/OS levels and the number proceeding bars to check if price mean reverting or continued momentum.

The output is a text file which provides the data for all time frames and overall for the pair. The data is extremely useful in identify which pair and the time frame to focus on.


All the details of how to use the indicator is in the video above. As always love to hear your feedback.



Thanks,
Zoheb.

Great work here Zoheb, my suggestion on the next update is to be able to choose Bollinger bands as the indicator.
Thanks

Thanks shrips, appreciate it. Yes, we can look to add this indicator - no worries.

Your voice is very pleasant to hear . you have re introduced RSI 14 in the system

Dear zoheb,

i thought this would be interesting for your project.

Thank you! Really interesting and will certainly help improving the current version.

Awesome Job Zoheb! I was particularly following your OGT MTF RSI thread hoping you would create a scanner for that indicator which has to be one of the most powerful indies for RSI traders.

Anyways I am already testing this one and would surely give feedback plus the books posted for RSI are also good ones which i have read as well.

Its interesting to note that using RSI as trend continuation rather that trend reversal is more powerful. Well so much to discuss later on