Based on the stochastic structure, StochV Melpheos identifies overbought and oversold market conditions.
Combines an oscillatory line with a numeric display system to highlight trend reversal points clearly.
Green numbers indicate buy signals when the line exits the oversold zone.
Purple numbers indicate sell signals when the line exits the overbought zone.
Numbers act as confirmation markers, signaling the exact moment of crossover in overbought or oversold zones.
Supports intraday trading and multi-timeframe analysis for scalping, day trading, and swing strategies.
Bullish trends are identified when sellers lose pressure and upward movement aligns with green numbers.
Bearish trends occur when buyers weaken, confirmed by purple numbers and downward movement stabilization.
Works effectively on Forex, stocks, commodities, and cryptocurrencies.
Ideal for elementary traders seeking a simple visual system for detecting price reversals and trend shifts.
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Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.
Always remember
my 3R Rule
: If the money
is yours then, risk
, reward
and regret
are solely yours. 
