El Oscilometro is a cutting-edge forex software that simplifies the tracking of price movements in the forex market. Its innovative design and features make it a valuable addition to the toolkit of any serious forex trader. This review aims to provide an in-depth analysis of the software, its features, and how it can enhance forex trading strategies.
Key Features of El Oscilometro
What sets El Oscilometro apart from other forex tracking software is its unique oscillation channel and central line (LC). The software only requires the amplitude of the channel to calculate and trace price movements. This feature makes El Oscilometro a non-lagging indicator as it does not rely on previous candlestick data for calculations.
The software effectively eliminates any background noise, presenting the underlying price movement cleanly through the central line. It allows traders to easily identify the beginnings and ends of trends, which occur when the price breaks the channel. Moreover, it helps identify retracement points, occurring when the price touches the channel’s boundaries without breaking them. These features are visually evident, making the tool user-friendly.
Customizable and Robust Forex Market Analysis Tool
El Oscilometro is a dynamic tool that allows traders to adjust the amplitude of the channel dynamically on the chart using blue controls. The indicator is not dependent on the timeframe it is used in, allowing it to be transferred from one timeframe to another effortlessly.
Another notable feature is the candle filtering function incorporated into the software. This makes the indicator robust against price distortions. The indicator only has one parameter for its calculation: the channel’s amplitude, given in pips. With a value of 0, the indicator calculates a default. Both the channel and the central line can be deactivated. If only the central line is used, it can function as a moving average, but the central line is not delayed with respect to price and the moving average is.
Intuitive Control and Candle Filtering
The software has four blue controls. The top two, marked with ‘A i’ and ‘A – i’, increase or decrease the amplitude by an increment. The bottom two, marked with ‘2i’ and ‘i / 2’, increase or decrease the increment by multiplying or dividing it by 2, respectively, in pips.
Candle filtering is another advanced feature. By double-clicking on a candle, it is filtered and marked with a red mark. This feature allows the indicator to ignore candles that are clearly a distortion or manipulation of the price. A second double-click on the candle deactivates its filtering.
Frequently Asked Questions (FAQs)
Where can you find independent testing of El Oscilometro?
Independent testing of El Oscilometro can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product.
How can users share their experiences using El Oscilometro?
Users are encouraged to share their experiences using El Oscilometro. This can provide valuable feedback and insights for other users.
In conclusion, El Oscilometro is an advanced forex tracking tool that offers a wide range of features to aid in forex market analysis and inform forex trading strategies. Its unique oscillation channel and central line, combined with its robustness against price distortions, make it an invaluable tool for any forex trader.
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