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How to trade with Chande forecast oscillator

Chande forecast oscillator Quick Summary:

The oscillator is above the zero point if the forecast price is higher than the current price. On the contrary, if it is below it turns out to be less than zero. When the forecast price and the current price are equal, the oscillator makes a zero. Current prices that are constantly over the forecast price suggest higher prices ahead and prices that are constantly under the forecast price suggest lower prices ahead.

  • The strategy shows the price trend
  • The oscillator is above the zero point if the forecast price is higher than the current price
  • Prices that are persistently belowthe forecast price suggest lower prices ahead
  • Prices that are persistently abovethe forecast price suggest higher prices ahead.
  • The indicator forecasts price trend and trading opportunities.
  • When the forecast price and the current price are equal, the oscillator makes a zero
  • Current prices that are constantly over the forecast price suggest higher prices ahead and prices that are constantly under the forecast price suggest lower prices ahead.

How to trade with Chande forecast oscillator:

  • the period is considered as a 14-period candle
  • Create short position when the oscillator starts coming down after reaching the top.
  • Exit from the stock or create fresh buy once the oscillator goes up after bottoming out.
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About Dwipen Gogoi

Dwipen Gogoi, MBA (IB and IT) and PGDFT from Pune. (Technical Analyst of AliceBlue) I am a You Tuber, Blogger and doing Technical Analysis last 10 years in Stock, Commodity and Forex Market. i am creating various trading strategies for day traders, swing traders, scalp traders.

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  1. How do i get API for python?

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