RMO

 

The System

RMO Oscillator:

-Not worried about size or shape.

-Above 0 look for Long Trades

-Below 0 look for Short Trades

Exit swing signal

Swing Trade Indicator1:

-Don't use until you are in profitable position

-If the exit swing slips below the red line on a buy trade, look at putting in a trailing stop

-Likewise If the exit swing slips below the blue line on a sell trade, look at putting in a trailing stop

Swing Trade Indicator 2:Tracks Medium term trends (Pink Histogram)

Swing Trade indicator3:Tracks Long term trends (Purple Histogram)

-Cross of 2 and 3 implies change in strength

-Buy and Sell appear when swing 2 and 3 cross

-Red and Blue bars appear when Swing 2 moves above or below 0 line

-If you see a change in colour say from blue to red sell it below the low and red to blue buy it at high

 

SHORT:

Sell Arrow + Red bar + RMO is negative

LONG:

Blue Arrow + Blue Bar + RMO is Positive

All the above 3 does not need to happen on the same bar, we can wait for it to happen one after other

 

 

Explorations

LONG:

1.RMO Bullish Zone

2.RMO Market Trend New Blue

3.Swing Trd Buy Arrow

SHORT:

1.RMO Bearish Zone

2.RMO Market Trend New Red

3.Swing Trd Sell Arrow

 

Scan using no 1 above and then take the list and scan using 2 or 3 if the list is too long scan using both.