QUOTE(TraderEd @ Oct 22 2019, 11:51 AM)
The Kase Peak Oscillator is made of statistical observation of prices over the last KPeriod. It automatically adapts its cycle to any timeframe or instrument by using a percentile rank of what happens now in comparison of the whole distribution of past values. It consists of a histogram and a line indicating overbought oversold levels.
Buy Signal: Histogram cross above the zero level
Sell Signal: Histogram cross below the zero levels
When histogram reaches the line, chances are a reversal or consolidation may follow. However, in strong trends, the histogram may overshoot the line for may bars before slowing down. This can be used to book profits and open trades if reversal is confirmed by other indicators or price action. Like all indicators, Kase Peak Oscillator also generate whipsaws in consolidating markets.
Divergence between the histogram and price bars present good trading opportunities. When price makes new lows and the oscillator fails to make new lows, it is a divergence between the price and the oscillator. When divergence happens, there is high probability that trend reverse upward. For trend reversal down, price makes new high and oscillator fail to reach a new high.
download from vStore.co
If you want to make good trading result you should definitely follow the market trend because Forex trading is a trendy business and the traders who don’t follow market trend can’t go in the long road of successfully. This is the reason why I trade at ForexOne trading broker. With trading this broker I am now earning good amount of money by using their wide range of deposit bonus, flexible high leverage 1:500 and low zero spread 0.4 pips.
