Trend-Aware Oscillator [Indicatr]Trend-Aware Oscillator puts classic oscillators into the context of the prevailing trend. Overbought in an uptrend is shown as strength, oversold in a downtrend as weakness, and pullback signals are only marked in the direction of the trend - for long and short.
WHAT IT DOES
Oscillators such as RSI or Stochastic are often read as "overbought = sell, oversold = buy". In trending markets this reading fails: an oscillator can stay overbought for weeks in an uptrend and oversold for weeks in a d
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