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pi-Oscillator is just a smooth oscillator only but smooth than macd/rsi so it will worked well when market behavior is normal. if there are big trend day than it will give wrong signal continuous & if market is too choppy than it will not triggered.
if someones know how to ignore false signal in big trend day than he may be successful but he have to designed some money management strategy also
The following 4 users say Thank You to rlygangesh for this post:
The solution for this is to just follow the Trend on a Trend day. Don't take signals from it on a Trend day because it will Fade the market. Just get in on a Pullback and follow the Trend. You shouldn't need an indicator anyway on a Trend day.
In my opinion, it gives you more entries than you otherwise would have. Why do I say this? In "normal market behavior" it gives good signals. This includes the signal itself + 2nd Entries based on Low Volume Tap Backs to the levels it gives you.
