How To Identify True Overbought / Oversold Markets

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There are 2 reliable ways to identify an overbought and an oversold market, I will explain them both. One of them is using an oscillating indicator, but it's probably not the one you think.
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[@RohitMeshram--AKA--Micky]

Please make an video on pair selection.

[@UltraBlueForex]

Consider it done! Thank you for the suggestion.

[@krel4115]

hello again thanks for the vid.. been tinkering with emas... ive set it with 200 100 50 i used mostly for bias and dynamic support & resistance... switch is 3 10 my first signal... dots at 10 for confirmation... approach is 3 pillars... confluence candlesticks engulfing harami 3 soldiers 3 crows pinbars at supply demand zones... am i doing it right?... i forgot your settings for rsi? why 14 5 5 not 14 3 3 for the stochs? smoothness? do you use macd, would love to know your settings...

[@UltraBlueForex]

Hello again (always a pleasure)!
You are doing it right by the sounds of it. You are using the 50 as dynamic S/R which is brilliant. You are looking for a trigger as the price bounces from the 50 with the patterns, 3/10 cross, and the Dots.
The Stoch smoothness is up to you, the 5 is fine for me, the 3 makes it a little choppy, but many traders like the 3 settings. As you know from the video, I have no use for the signal line.
I don't use the MACD, using the moving averages the way I do replaces amy need for the MACD