Thank you for the screen shots G, forgive me for asking and I hope that I am not being a pain but are the red and yellow dots areas of overbought and oversold (use volume indis to confirm) Humbly yours and bowing as I leave the room
This indicator is not an oscilator, so it doesn’t have OB/OS areas.
Red & Yellow dots are simply marking Peaks & Troughs along the line indicator for easy viewing.
You can construct “zones” by drawing horizontal lines on the price-chart with the aid of adjacent Peak/Trough.
Better yet, you can set pending orders on breakouts of the Indicator-Chart.
Method 1 (Price Zone) gives you a good entry on “Price zone” breakout, while keeping you away from false moves.
Method 2 (Volume Zone) gives you same benefits by drawing horizontal lines on the indicator, but an earlier trade entry on “Volume Zone” breakout (almost 1 hr before, and some extra pips…).
I left the “price zone” horizontal lines for comparison only.
Note that in both methods – Price is the RESULT and Volume is the CAUSE.
Also note that price stays and obey those limits for hours until new funds are coming to the market.