Overbought and oversold indicator

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Overbought and oversold indicator

Postby Alexander.Gettinger » Thu Aug 09, 2012 1:31 pm

Formula:

Overbought_Oversold=(MA/ATR)*100, where
MA - moving average for (Close-Low) with Length as period,
ATR - average true range with Length as period.

Overbough_Oversold_MQL.PNG


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Overbough_Oversold.mq4
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Re: Overbought and oversold indicator

Postby Alexander.Gettinger » Fri Aug 10, 2012 2:43 pm

LUA version of this indicator: viewtopic.php?f=17&t=22268
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Mon Aug 20, 2012 6:26 am

Simple as RSI, 70 and 30
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Re: Overbought and oversold indicator

Postby Apprentice » Wed Aug 22, 2012 1:48 am

If I understand you, you want to add lines to 30 and 70.
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Re: Overbought and oversold indicator

Postby arindam89 » Fri Aug 24, 2012 4:47 am

[moderated: wrong location]
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Re: Overbought and oversold indicator

Postby Apprentice » Mon Aug 27, 2012 6:17 am

Your request is added to the development list.
Why do you need me to install an indicator, on your computer.
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Mon Oct 22, 2012 9:51 pm

Apprentice wrote:If I understand you, you want to add lines to 30 and 70.


Appreciated if you can add that bonus option
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Re: Overbought and oversold indicator

Postby Jeffreyvnlk » Mon Oct 29, 2012 9:32 pm

Apprentice wrote:OB/OS Lines Added.

So nice, thanks
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