LuxAlgo Oscillators Review
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The Ultimate Stochastic Oscillator
The Ultimate Stochastic Oscillator merges the promptness of a stochastic oscillator with the elimination of noisy fluctuations through a method that introduces less delay compared to pre or post-smoothing techniques.
Applications The Ultimate Stochastic Oscillator offers several ways to extract valuable insights. Its primary application involves examining the colors displayed between the oscillator and its signal line to identify the prevailing price trend.
A red color signifies a downtrend, while a green color indicates an uptrend. This straightforward approach allows for easy determination of the current price movement.
The oscillator further exhibits an overbought area (in red) and an oversold area (in green), serving as indicators for identifying instances when the market becomes excessively bought or sold.
These areas can suggest potential reversals in the prevailing trend.
But does it add anything to the indicator system I’m using with LuxAlgo already? Maybe…..
You can see from the screenshot above that occasionally having the LuxAlgo Ultimate Stochastic Oscillator engaged could lead to slightly earlier entries than just the standard buy/sell signals alone.
However, most of the time they match the buy/sell overlays and there is little obvious advantage. There may be some value in this oscillator but it isn’t game-changing in my opinion.
If you want to know my main settings using LuxAlgo just check out this video here where I share a day of my trading with LuxAlgo and talk a bit about my favorite strategy.
**Get 30% OFF LUXALGO Indicators use code STA30: Click HERE ASAP!**
LuxAlgo Oscillators Review: Conclusions
The Ultimate Stochastic indicator is a nice touch to the LuxAlgo package but the jury is still out if it actually adds more value to the already amazing indicators.
More to come soon!
Russell
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