After doing some reading and then experimenting with various technical indicators, I've noticed that the DPO (14 period) is pretty uncanny in helping identify oversold/overbought conditions with greater accuracy than RSI or other indicators. Has anyone else found DPO as a useful indicator for such cases? Looking back on the ES futures in recent weeks -- if the DPO crosses the oversold/bought line, more often than not it quickly reverses for a nice gain. Granted there's no holy grail of indicators, and we all need to use what works for us and our trading styles, but is this a fairly good indicator for oversold/bought conditions as compared to RSI, STO, or MACD?
DPO is the only indicator I glance at from time to time during the day. Just a confirming factor, nothing else. In particular I use it on 2m charts, based on 14 periods. And rather than crosses, I look for divergence. I primarily trade YM and ER. Good trading to you Osorico