Updating an older concept here with some more oversold/overbought zones. Pretty self explanatory, red zone indicate overbought zones and green zone is a oversold. Often, price likes to bounce off of the lower bounds of these zones, but it can sometimes extend all the way through the zone onto the upper boundary. There are many lines to this indicator, i prefer...
The Gatekeeper is based on the 30 and 34 ema and their mtf / 3D charting from the seconds to weekly charts. The 34 ema functions as a gatekeeper of the 30 minute chart and similar to the slow guppies, the 30 ema and the 34 ema function as a gatekeeper of a trend. I have included the zone fill for some time frames on this indicator that aids the trader to identify...
This indicator revolves around the power of the 62ema also known as the rolling fibonacci / middle of the road. Price always returns back to it. With 3D charting we may witness how price interacts with other 62emas from other time frames as it moves away or comes back to the 62emas. This indicator also has bonus emas - 50, 100, 200, 400, 800.