Im a using a self-made reversal strategy.
I use two indicators, binary-arrows and 3rd candle.
The strategy is very simple. Is binary arrows shows ob/os zone and 3rd candle shows reversal candlestick formation, I enter either for 2 candles ( 2 min on 1 min chart, 10 min on 5 min chart ) or 1 candle with 1 step martingale.
I must say that till now I was lucky, because the binary-arrow sometimes dissapears. It shows many arrows during waterfall, but that doesn't bother me, because if I have no reversal fomation it can show even 1000 arrows, I have no setup. The problem is with low volatilty market conditions.
I was looking for a reliable ob/os indicator, I tried RSI, stoch, CCI and many others but i got stuck, so I am asking for your help.
I also created an indicator to show me the correct setups without having 1 million arrows on my chart.
My indicator unfortunately also repaints, because of the binary-arrows.
If you put the indi on the chart it looks like magic, but when you run it with strategy tester you get false signals too.
The 3rd candle indicator does not repaint, but needs to be set to -1 in order to have the signal on the previous closed candle.
Any help would be appreciated
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