Price Oscilattor with Entry and Exit

Price Oscillator Trend Reversal Strategy
Source: commodity.com/technical-analysis/price -oscillator/

Indicators:

Price Oscillator (PO): Calculated as the difference between two Exponential Moving Averages (EMAs):

Short EMA (Fast Period): 9 days
Long EMA (Slow Period): 18 days

Thresholds:
• Overbought Level: PO >+2
•Oversold Level: PO <-2

Entry Conditions
Buy Entry (Long Position):

•PO crosses above the zero line from below (bullish crossover).
• OR PO moves into the oversold region (<-2) and starts to increase, indicating a potential reversal.

Sell Entry (Short Position):
• PO crosses below the zero line from above (bearish crossover).
• OR PO moves into the overbought region (>+2) starts to decrease, indicating a potential reversal.

Exit Conditions

Exit Long:
•PO crosses back below zero line.

Exit Short:
•PO crosses above 0 line.