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How To Trade The RMO ATM For Metastock?

RMO ATM For Metastock

Rahul Mohindar Oscillator and RMO ATM for Metastock is an invention of Rahul Mohindar of VIRATECH. He first developed the Rahul Mohindar Oscillator very neatly, i.e RMO version. This used to be launched with MetaStock 10 in 2006. there have been a couple of requests from customers, for extra indicators and insights of Rahul’s work. This new add-on is an effective way to get you up to date along with his development and likewise to take your technical analysis to the next stage.

What is RMO ATM for Metastock?

This is an add-on in the Metastock software, This add-on targets at making your analysis much more easy and methodical. It comes pre-constructed with clear, crisp and neatly built-in buy and sell methods. These methods have been in a position to survive one of the most volatile market scenarios.

Components of the system

Within the Rahul Mohindar Oscillator setup, this bundled with the following.

6 Warning signs

  • RMO II +
  • RMO II –
  • Breakout Catcher
  • Counter Trend Indicator
  • Zone Detector
  • Zone Fill

Four Templates

RMO II
RMO I & II Twin View
Counter Trend Indicator
Breakout Catcher

Three Consultants

Counter Trend Indicator
Breakout Catcher
RMO II: for Complete Commentary

7 Explorers

Counter Trend Indicator BUY
Counter Trend Indicator SELL
Breakout Catcher BUY
Breakout Catcher SELL
RMO II +
RMO II –
And the RMO II = Zero

2 BONUS Explorers for the prevailing RMO Variation

Built-in BUY
Built-in SELL

RMO ATM Breakout Catcher

The Breakout Catcher indicator solves the confusion in the trend straight out. For ease of interpretation, we suggest plotting it in the histogram model.

This indicator oscillates between -1 and +1. +1 signifies a strong trend and this suggests you can trade this market. While the trend develops and will get more strong and steady the indicator stays above +1 and on a regular basis creates a sequence of histogram ticks. Each positive uptick is a buying opportunity.

The indicator at zero would point out that the stock has retraced with regard to price/time from its current trend. The zero value hence means that the stock has entered neutral mode and does now not suggest a recent trade. But aggressive traders may just like to make use of this neutral mode innovatively to place on trades with lower risk and are expecting a better reward.

-1 signifies a weak market and implies trading on the short-selling side. Because the trend will get weaker and price continues to decrease the indicator stays constantly at -1. This makes a series of negative histogram ticks. But each negative tick will be no longer be interpreted as a fresh shorting probability.

Zone Detector (ZD) and Zone Fill (ZF)

The worst fear of a trader is the concern of getting caught in a trade that ends in a loss as a result of sideways or subdued price and volume action. We need to trade a market that is backed price and volume action.

RMO ATM for Metastock

In the Rahul Mohindar Oscillator setup, RMO ATM for Metastock Zone Detector (ZD) and Zone Fill (ZF) do exactly this. They mark out the Zone we are trading in. We recommend you first plot Zone Fill (ZF) in histogram style and then overlay the Zone Detector (ZD) on top of it. Merge it with scale if prompted. An easy way to view this is to apply the RMO ATM Breakout Catcher template.

In the Rahul Mohindar Oscillator setup, ZD and ZF clearly classify a chart into 3 defined zones.

Dormant Zone

This is when both ZD & ZF indicators show a value of 0. We should avoid taking fresh breakout type trades in this zone.

Active Zone

When at least the ZD shows a positive value (ZF may not). Breakout signals should yield positive results in such cases.

Hyperactive Zone

A zone where both, ZD and ZF are positive. This shows that the chart is backed with both good volumes and above-average price volatility. A fresh trade/signal in this zone can be considered well confirmed and has good potential in terms of delivering a profitable move.

RMO ATM for Metastock free download PDF Guide

We are sharing here the guide on Rahul Mohindar Oscillator and RMO ATM system. You can download the guide by clicking the button below.

This PDF will provide you with a strong introduction to how to use RMO ATM for Metastock. You can also distribute this PDF on Rahul Mohindar Oscillator system to your friends. However, don’t forget to refer them to our web site.

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