5NITRO MT4 Indicator

5NITRO MT4 Indicator

OBOS dot matriXx

The twelve (12) matriXx dots represent possible Overbought or Oversold levels. When these dots illuminate, this may be an indication to begin to think about taking some profit. With possible OBOS price action, and thus visual indication from the matriXx dots, also brings possible upcoming turning points.

These (12) dots are comprised of (6) separate individual indicators ADX, CCI, MFI, RSI, STOCH, and WPR. The calculations are taken from 2 separate time frames.

These dots illuminating can also present opportunities to add to or replace units on retracements from meter readings that exceed 80% to 85%. For Example: when a momentary normal and healthy retracement causes the meter to briefly drop down to 45% after previously reaching a recent high greater than 80% to 85%.

Each OBOS High and Low limits can be adjusted by the User along with the color of illumination and non-illumination.