The Indicator of Overbought or Oversold

This indicator analyzes the current price of a financial instrument and shows how much the price is too high (overbought) or too low (oversold) area of ​​the real price, which is calculated by a special algorithm. Indications LED in one of three units: at points in a currency or a percentage (change the settings). It works on any time frame.

application

If the indicator reading above zero - the price is too high (overbought), you probably will soon return to the real level. Therefore, when the price will go down, open orders Sell.

If the readings of the indicator is below zero - the price too low (Oversold), then the price will rise to open orders Buy.

Input parameters

• Unit of Measurement - reading unit Indicator:
  
  
  
  1. Points - items;
  
  
  2. Currency - currency;
  
  
  3. Percent - interest.