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Overbought_Oversold.mq5 (16.35 KB) view

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The indicator draws a Moving Average relative to ATR and overbought/oversold levels in a separate window.

Calculation formula:

Overbought_Oversold = (MA/ATR)*100

where:

MA - the Moving Average of the difference between Close and Low prices for the selected period;
ATR - Average True Range with the specified calculation period.

It has four input parameters:

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20061

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Overbought_Oversold - indicator for MetaTrader 5