FXCM Forex Trading

Overbought and oversold indicator

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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Mon Apr 29, 2013 11:44 am

Apprentice wrote:Alex is using this formula it his indicator.
OBOS =100* MA of (close - low) / ATR (Price)
Price is not H-L
Can you once again write forumulu that you want to use.
Is it.
%R ~ (H-C)/ (H-L)


Sorry for making it messy but i think ATR have some components dealing with H and L. Of course it is not so directly as %R case. If i am wrong, please correct me.Thanks
Jeffreyvnlk
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Re: Overbought and oversold indicator

Postby Apprentice » Thu May 11, 2017 1:44 pm

Indicator was revised and updated.
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Apprentice
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