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Re: Chaos Visual Averages Indicators for MT4

josi, Sat Oct 15, 2022 6:06 pm

whiteadrian23 wrote: Wed Oct 12, 2022 2:10 am Would it be possible to add alerts and arrows for Haos - Visual - averages (divergence + alerts) for when the fast WPR is leaving overbought/oversold within the trend as a pullback?
I know you won't believe me and I know I've mentioned it before but as there happens to exist another good example right now, I might as well repeat myself:
Oversold/Overbought does not work (and logically never did). The extremes - on the contrary - show very strong vs very weak momentum, i. e. instead of turning around price can continue in its directional path for longer than your funds will last.
[Having said that: Depending on your inputs - WPR & Stoch actually work very well in ranges.]
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