RAMO Golden Saturation can be found within the MQL5 marketplace, it was created by Mohammad Hashemi and was first uploaded to the marketplace on the 17th of January 2019, it was uploaded as version 1.1 and has not received any additional updates since being uploaded.
Overview
RAMO Golden Saturation is an indicator that was created for the MetaTrader 4 trading platform. It is the main indicator for the RAMO manual trading system which looks at the state of saturation within the market based on time series calculations.
The indicator works with multiple different currencies and can be used on multiple timeframes. The indicator will calculate the overbought and oversold levels within the market based on time and trend movement comparisons.
Some tips from the developer:
- Overlapping the different time frames especially 4H, daily & Weekly simultaneously is the ideal time for finding one saturation in a short time frame to booming the trend and it can show the real peaks & bottom price.
- A trader should wait until the closing of the candle based on the time frame, to realize the real status of saturation.
Service Cost
The indicator can only be rented, it can be done on a monthly basis which will cost you $30 per month to rent, there is no option to purchase it outright and you will get up to 5 software activations. There is a free demo version that can only be used with the strategy tester within the MT4 platform.
Conclusion
The RAMO Golden Saturation indicator has not received any user reviews or comments, this makes it impossible for us to tell whether it is doing what it is meant to do and whether or not it is a useful indicator. Due to the lack of information, we would suggest contacting the creator of the indicator with any questions that you may have, this way you can ensure that it will work for you and that the developer is still actively supporting git before you make a rental.