Indicator of the week1
Prime Number Oscillator
The prime number oscillator indicator indicates the nearest prime number, either at the top or the bottom of the series and plots the difference between that prime number and the respective series.
PNO can be used:
1- As a trend indicator: wider flat sections at the top means we are in an uptrend. Wider flat sections at the bottom indicate a downtrend.
2- Entry signal
Only buy in an uptrend and sell in a downtrend.
Buy signal in an uptrend: if the indicator remains flat for 2 days in a row at the bottom then you may go long.
Sell signal in a downtrend: If the indicator remains flat for 2 days in a row at the top then you may go short.
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