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Charting and Studies User Guide - CQG.com

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Page 576<br />

SMR Timing Oscillators<br />

This oscillator measures the speed at which a market advances or declines, helping to identify<br />

when an extreme in price has been reached.<br />

It is a short-term oscillator that allows the investor a chance to identify low-risk buying or<br />

selling opportunities. On a basic level, the SL is a reliable indicator of overbought <strong>and</strong> oversold<br />

conditions.<br />

The examples show that when the SL is relatively high or low, the market is overbought or<br />

oversold.<br />

By studying the characteristics of this short-term price indicator, in conjunction with the SMR<br />

Dotted Line, you will see patterns emerge that will result in consistent price action.<br />

Third-Party <strong>Studies</strong>

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