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Psychology_Index.mq5 (6.46 KB) view

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The overbought/oversold indicator, which was first described in "Futures Magazine" in June 2000, under the name of "Psychological Index".

It has one input parameter:

Calculation:

PsyIndex[i] = SMA(UpDay)

where

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20448

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Psychology_Index - indicator for MetaTrader 5