Frequently Bought Together
Better Oscillator For TradingView
$299.00
📌 Identify excellent entries and exits regardless of what the market is doing: trending or moving sideways.
📌 It’s often a LEADING indicator, giving clear market turning points.
📌 It gives you low-risk entries with perfect reward-to-risk ratio.
Hi there,
As its name suggests, Better Oscillator for Tradingview is a better, less-lagging, next-generation oscillator. It beats old-school oscillators (such as MACD, RSI, or CCI) by a wide margin in terms of accuracy.
Here’s why:
Because Better Oscillator for Tradingview uses our proprietary “minimal or no lag” algorithm, it’s often a LEADING indicator, giving clear market turning points.
On many occasions, the Better Oscillator indicator shows market tops, bottoms, and divergences well before the price does.
Look at this photo to see what I mean:
It’s the single best oscillator I’ve ever used. And I think you’ll agree. Here are just a few ways you can use this amazing indicator to generate more winning trades:
In range-bound markets, you may consider buying when the Better Oscillator value is below 10 (oversold), and sell when the Better Oscillator value is above 90 (overbought).
Here’s an example:
Pay attention to the 6 arrows pointing to the 6 times the Better Oscillator indicator signals overbought or oversold conditions.
And if you simply bought or sold when the Better Oscillator gave a signal, you would have gotten 6 winning trades.
Pretty easy, isn’t it?
But that’s just for starters…
The Better Oscillator for Tradingview indicator even works better in TRENDING markets
In trending markets, the Better Oscillator is the easiest way to profit from trading pullbacks. It gives you low-risk entries with perfect reward-to-risk ratio.
Take a look at this chart:
My personal trading rules for trading trends is simple:
In an uptrend, enter when the Better Oscillator for Tradingview indicator signals oversold conditions (its value is below 10). And in a downtrend, enter when the indicator signals overbought conditions (its value is above 90)
Now let’s talk about the most powerful way to use the Better Oscillator for Tradingview indicator in my opinion:
Use Better Oscillator to detect divergences and identify trend reversals.
Take a look at this photo to see what I mean:
In this exampe, there’s a bearish divergence between price and Better Oscillator. It tells us that the current uptrend is exhausted and that we can expect a trend reversal.
And just as the indicator predicts, the market falls sharply afterward. And the bearish divergence indeed marks the beginning of a new downtrend.
But what excites me the most is that…
Some of the trades Better Oscillator for Tradingview helped me identify are huge HOMERUNS…
For example, in the photo below, since AAPL is in an uptrend, we’re only looking for opportunities to go long at pullbacks.
And as such, when the Better Oscillator tells me the market is oversold, that means the pullback is likely complete, and I’d place a long trade.
Timely alerts, so you won’t miss out on important trades.
You’ll get all kinds of alerts: Pop-up, Sound, Email, and Push Notifications immediately when a trade setup forms.
And you can customize these alerts in any way you want.
Watch this video guide to see how it works:
Setting Manuals
1.Indicator settings:
%B period: the threshold that measures the symbol price in relation to its upper and lower Bollinger Bands
Tema average: the number of bars that is used in calculating TEMA
Standard deviation high/low: the number of standard deviation being used in calculating high/low Bollinger Bands
Standard deviation period: the number of bars being used in calculating standard deviations
Long/short sequence: toggle more granular display for entries/exits
ATR period for SL shift: the timeframe used to calculate the Average True Range for adjusting stop loss levels.
SL shift coefficient: a multiplier used with the ATR value to adjust stop loss levels according to market volatility.
TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.
Various Color settings: customize these colors to differentiate between bullish/bearish patterns and arrows, and TP/SL.
Max bars back: the maximum count of past candlesticks considered by the indicator for its analysis.
2.Alert set-up:
To stay updated on potential trading opportunities, you can set up alerts within the Better Oscillator indicator settings.
Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.
Settings panel for Better Oscillator Pro indicator
Settings panel for Better Oscillator Pro Panel
Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView’s Alert icon.
Step 3: Select Better Oscillator Pro from the “Condition” dropdown list
Step 4: A pop-up will appear as follows. Click on “Notifications”.
Step 5: Choose the types of notifications you’d like to receive, and click the “Create” button.
Frequently Asked Questions
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Platform: TradingView
Platform: TradingView
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