The Ace Pro Gold Spot XAUUSD 8 Minute Long Indicator calculates overbought and oversold conditions. It focuses on momentum to identify whether the market is overbought or oversold. If it detects that the market is oversold, it gives an alert of “long entry” If it detects that the market is overbought, it gives an alert of “long exit” Users are also able to set notifications on Tradingview with this version of the indicator. To set an alert, after adding the indicator, at the top left of the chart where the indicator is listed, click on the "more" option (three dots), and then select "Add alert."
Please note the following:
This indicator is designed only for use on the 8 minute XAUUSD OANDA Gold Spot / U.S. Dollar chart
It is only to be used for opening and closing long positions. It is not recommended for use with short positions. It is not recommended for use with time frames other than the 8 minute. In a sideways market, or during a violent move, it is likely to produce false signals. Traders must use confluence from their technical analysis to enter trades. Traders must use confluence from their technical analysis to enter trades.