What is BDO? - BDO is the Better Donchian Oscillator. This is a proprietary indicator which I derived from the donchian formula.
BDO usage 1. BDO is mainly used to determine overbought and oversold levels. I think it is more accurate in determing these levels than RSI or MACD. 2. It can also be used to follow major trends with a very high accuracy, although it is lagging. However, its main oscillator in the middle is still a leading indicator.
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