Blending SHO with WPZO
SHO: Based upon Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
WPZO: Based upon Akram El Sherbini's article "Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017.
Signals
The signals of the oscillators can be confirmed when the SHO/WPZO triggers a buy/sell signal, and the WPZO/SHO follows by a buy/sell signal in a relatively narrow time interval.
Whipsaws
The whipsaw generated by one oscillator only is insignificant. If both the SHO and WPZO generate whipsaws at the same time, then most likely it is significant.
Divergences
The agreement between the SHO and WPZO on positive/negative divergences makes them more considerable.
By Akram El Sherbini
WPZO: Based upon Akram El Sherbini's article "Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017.
Signals
The signals of the oscillators can be confirmed when the SHO/WPZO triggers a buy/sell signal, and the WPZO/SHO follows by a buy/sell signal in a relatively narrow time interval.
Whipsaws
The whipsaw generated by one oscillator only is insignificant. If both the SHO and WPZO generate whipsaws at the same time, then most likely it is significant.
Divergences
The agreement between the SHO and WPZO on positive/negative divergences makes them more considerable.
By Akram El Sherbini
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.