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On Methods to Detect Overbought/Oversold Zones. Part I

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mql5

, 11-07-2020 at 05:30 AM (803 Views)

Table of Contents

Introduction
General

What Are Overbought/Oversold Zones in terms of the Process Dynamics
On Accuracy in Detecting the Overbought/Oversold Zones
Consequences of Entering the Market When in the Overbought/Oversold Zone
Evaluating Losses Related to the Risk of Opening a Position in Overbought/Oversold Zones
Consequences of Exiting the Market When in the Overbought/Oversold Zone

Pros and Contras of Using Conventional Indicators to Detect Overbought/Oversold Zones

Setting Up a Group of Indicators Using the Values of Fibonacci Series
That "Restless" Stochastic: Analyzing the Indicator Formula
Testing a Group of Indicators Detecting the Overbought/Oversold Zones on Different Trend Types
What's Wrong with RSI? Analyzing the Indicator Formula
Results of Evaluating the Accuracy of Detecting the Overbought/Oversold Zones Depending on Settings and Trend Type
Conclusions on the Efficiency of Conventional Indicators Detecting the Overbought/Oversold Zones

New Approaches to Enhance the Efficiency of Detecting the Overbought/Oversold Zones

General Requirements for the Algorithm to Detect the Overbought/Oversold Zones When Using Fractal and Candlestick Analysis
Method Related to Identifying the Signs of the Trend "Slowdown"
Algorithm of Anchoring to the Trend Onset
Method Related to Distancing from the Trend Onset

Conclusions

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