Ravi (Range Action Verification Index)

This indicator can be used as a signal verification indicator.

There are some very rare situations that can be used as signal provide as below:

1. In an uptrend: Look for the oversold areas. Place a buy after the last red bar.
2. In a downtrend: Look for overbought areas. Open a short position after the last green bar.

Random Walk Index Indicator (RWI)

This is a perfect indicator to determine the trend direction! 💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲💲 ✅ Uptrend strategy: When RWI high (purple in this video) is above the RWI low then the trend is up. Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up. ✅ Downtrend strategy: When RWI high (purple in this video) is below the RWI low then the trend is down. Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.

Q-Stick Indicator

The QStick can generate trade signals based on signal-line ( I prefer 50% of the first swing after trend reversal) or zero-line crossovers. 

• A descending QStick signals the price is closing lower than it opened, on average. 
• An increasing in QStick indicator signals the price is closing higher than it opened, on average.

Prime Number Oscillator - PNO

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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Prime Number Bands

1- Trend analysis: 

Higher prime numbers mean we are in an uptrend. When the bands are moving upward direction, the market has a Bullish Direction. 

Lower and lower prime numbers mean we are in a downtrend. (If the bands are moving Downward direction) 

2- Volatility: 

Narrower bands mean stock price is less volatile. 

Wider bands indicate share price is volatile. 

3- Signals:

 In an uptrend look for a spike down in prime band for a long position entry.

 In a downtrend look for a spike up in a prime band for a short position entry.(Not my favourite scenario, though!)

Price Rate Of Change Indicator (ROC)

Signals: 

• In an uptrend look for the indicator reversal points below zero to go long. 
• In a downtrend look for the indicator reversal points above zero to go long. 

 Trend identification: 

• A rising ROC typically shows uptrend and crossing above zero line confirms the uptrend. 
• A falling ROC typically shows downtrend and crossing below zero line confirms the downtrend.

Price Oscillator Strategy

The Price Oscillator uses two moving averages.

 ✔ One shorter-period, and one longer-period. 

✔ When 2 MAs cross each other the PO reads 0. 

The Price Oscillator technical indicator can show overbought and oversold areas. 

Strategy: Only go long in an uptrend. Only go short in a downtrend 

Uptrend strategy: Look for an oversold situation to open a buy position. Close when get to overbought then close some more when crossing back to the zero line.

 Downtrend strategy: Look for an overbought situation to open a sell position. Close when get to oversold then close some more when crossing back to the zero line.