Universal oscillator is an indicator, operating on the general principles of the RSI, CCI and MA oscillators.
Indicator helps to determine the upcoming reversals based on the values of the oscillator. This solution will be a good help in your trading. Oscillator can be used as an addition to your trading strategy.
This oscillator performing well in combination with support/resistance levels, volume profile, pivots and the VWAP indicator.
When the market goes up and the indicator shows a bearish divergence, it means that there will be a reversal soon. This is a good opportunity to enter the sale.