Where to use? Oracle gives the best performance on ETH/USD but also works for BTC/USD and some other charts like XAU/USD ( Gold ). Fails for almost all other cryptocurrencies. Use 1d or 4h time frames only. 2h and 3h also work in some cases. Use Heikin Ashi candles for the best results. The strategy is still being tested. Use at your own risk.
How to use? Arrows start pointing upwards and candle closes above the Orange line - Price is likely to go up Arrows start pointing downwards and candle closes below the Orange line - Price is likely to go down
Also, the orange line can be used as a mental stop loss point.
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.