Quote Originally Posted by pdp-brugge View Post
Sorry to ask again, but is the OB/OS trigger not a move above -30 (minus 30) ?
The OB/OS signal allows to enter a "Short protected" mode when the OB/OS crosses below -30. This mode allows to force a BUY signal if we cross above OB/OS +30. This rule allows to enter a buy signal even when the OB/OS does not enter the oversold territory but bounces off from "close to oversold." This bounce is registered when OB/OS crosses above +30. The move between -30 and +30 is usually very fast, because this occurs when the whole market moves up and hence, all the sectors move up.

If the OB/OS for example comes down to -25 but then bounces from that level and above +30, then no Buy signal can be issued.


Pascal