Owl Sensible Ranges Indicator information – Buying and selling Techniques – 17 February 2026

The Owl Sensible Ranges Indicator relies on the buying and selling system Owl – Sensible Ranges. This buying and selling system makes use of knowledge of two indicators, Full Fractals and Valable ZigZag, that are included into the Owl Sensible Ranges Indicator within the modified kind in comparison with their classical model.

The Owl Sensible Ranges Indicator is a full-fledged indicator and it consists of all of the plots primarily based on the buying and selling system with the identical title. The indicator plots ranges for opening an order on the chart as quickly as a gap sign seems and on the similar second it sends a notification to the dealer concerning the look of a brand new sign. That is why Owl Sensible Ranges may be very straightforward to make use of. Solely the mandatory plottings are proven:

1. the essential ranges, in relation to which the worth of order opening value, StopLoss and TakeProfit indexes are calculated, are plotted utilizing the Full Fractals indicator. Hint ranges on the display are auxiliary, so you’ll be able to disable their show within the settings relying in your preferences;
2. the Valable ZigZag Indicator determines the buying and selling course for the instrument. If the intense ZigZag is directed upwards, it signifies that the pattern in the meanwhile is ascending, and solely purchase trades are allowed. If ZigZag is directed downwards, offers are solely allowed to promote on a downtrend;
3. the road units the extent of putting the order Purchase Restrict or Promote Restrict;
4. the road units the StopLoss degree for the order;
5. the road units the TakeProfit degree for the order;
6. the information panel might be enabled or disabled within the indicator settings for comfort.

Handy data panel

The buying and selling system Owl Sensible Ranges relies on the Triple Display methodology which is advisable in buying and selling by the well-known dealer Alexander Elder. The precept of triple display consists in simultaneous remark of charts of various durations. Particularly, defining the buying and selling course – on the upper timeframe, whereas getting into a commerce – on the decrease one. For consumer comfort the information panel shows knowledge of the Valable ZigZag Indicator:

1. the pattern course on the primary (intermediate) timeframe;
2. the pattern course on the upper timeframe;
3. the pattern course on the second greater timeframe;
4. sign indicators: pink – no sign, yellow – there’s a sign for putting Purchase Restrict or Promote Restrict orders, inexperienced – you’ll be able to enter the market on the present value;
5. time earlier than the present candle shut;
6. the colour of the pattern reversal ranges on greater timeframes.

Really useful settings and instruments

Resulting from using basic indicators the buying and selling system Owl works equally properly in all markets. You’ll be able to commerce on Foreign exchange, Indexes, Shares, Futures, Commodity, Crypto by barely adjusting the indicator settings.

There are 5 primary settings within the Owl Sensible Ranges Indicator:

• Candles on the left – the variety of candle to the left of the sign candle, the Excessive of which must be decrease than the Excessive of the sign candle to construct a fractal Up;
• Candles on the proper – the variety of candle to the proper of the sign candle, the Excessive of which have to be decrease than the Excessive of the sign candle to construct a fractal Up;
• Expiration sign – the variety of candle throughout which the sign is energetic;
• Open value degree – Fibonacci degree for putting a pending order for Purchase Restrict or Promote Restrict;
• TakeProfit degree – Fibonacci degree for putting a TakeProfit order.

Desk of advisable settings for every market

Relying on buying and selling exercise, there are advisable settings for the triple display system:

Circumstances for putting orders

A Purchase Restrict order must be positioned when the next situations are matched:

1. the Valable ZigZag Indicator on all three timeframes exhibits upward course (arrows within the data panel present upward course);
2. there’s a new UP fractal (the dotted line on high of the candle);
3. there may be not less than one DOWN fractal on the proper facet of the chart (dotted line on the backside of the candle) earlier than the swing level of the Valable ZigZag Indicator;
4. IGNORE the sign if the colour of the dotted line is blue (the brand new UP degree is decrease than the earlier one);
5. IGNORE the sign if in the meanwhile of its look the worth is behind the order opening degree or was already there.

If these situations coincide, the Owl Sensible Ranges Indicator plots on the chart the degrees for putting a Purchase Restrict order (OpenPrice – white degree, StopLoss – pink degree, TakeProfit – inexperienced degree).

A Promote Restrict order must be positioned when the next situations are matched:

1. the Valable ZigZag Indicator on all three timeframes exhibits a downward course (the arrows within the data panel present the downward course);
2. there’s a new DOWN fractal (the dotted line on the backside of the candle);
3. there may be not less than one UP fractal on the chart on the proper (the dotted line on the high of the candle) earlier than the swing level of the Valable ZigZag Indicator;
4. IGNORE the sign if the colour of the dotted line is blue (the brand new degree DOWN greater than the earlier one);
5. IGNORE the sign if in the meanwhile of its look the worth is behind the order opening degree or was already there.

If these situations coincide, the Owl Sensible Ranges Indicator plots on the chart the degrees for putting a Promote Restrict order (OpenPrice – white degree, StopLoss – pink degree, TakeProfit – inexperienced degree).

Extra filters:

• a brand new commerce shouldn’t be opened if there may be already one place available in the market for the present image;
• trades from 23:00 to eight:00 must be skipped, as a result of at the moment the market is inactive, and pullbacks might be false;
• start buying and selling at 8:00 GMT on Monday; alerts obtained earlier than 8:00 on Monday morning must be ignored;
• end buying and selling at 16:00 GMT on Friday; the alerts obtained after 16:00 must be ignored;
• ignore alerts obtained through the first 10 candle after the commerce was closed;
• don’t keep in mind alerts on the trades, if the StopLoss dimension is lower than 50 pips on 5-digit quotes.

Closing a place and deleting a pending order

Open positions must be closed earlier within the following circumstances:

• if not less than as soon as the Valable ZigZag Indicator has modified its course (one of many arrows on the data panel started to point out the wrong way);
• on Friday, at 16:00 GMT, it is suggested to shut all positions on the present value.

Pending orders must be deleted within the following circumstances:

• if a brand new degree Down of the Full Fractals Indicator appeared above the opening value degree of a commerce, in case of a BUY sign, the BUY LIMIT order must be deleted. The identical applies to the SELL LIMIT order: if there’s a new degree Up of the Full Fractals Indicator under the opening value, the order must be deleted;
• if new ranges seem on the chart it’s essential to delete the pending order and set a brand new one based on the brand new ranges.

Capital administration

The buying and selling system has a really excessive profitability issue (TakeProfit / StopLoss = 3.24), so even making 30% of worthwhile trades you’ll keep within the revenue.

The order quantity must be calculated in such a manner that the utmost loss doesn’t exceed 1.5% of your deposit.

If there’s a loss on the present buying and selling instrument then the chance of the subsequent order must be elevated by 0.25%.

As soon as a commerce has been closed with a revenue, the subsequent commerce must be opened with an preliminary threat of 1.5%. For those who obtain a big sequence of shedding trades you shouldn’t exceed the chance per one commerce of three%.

If a commerce was closed as breakeven, the subsequent commerce must be opened with the identical threat because the earlier one.

I am Sergei Ermolov, observe me and do not miss extra helpful instruments for worthwhile buying and selling on Forex.