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Yaanna - indicator for MetaTrader 5
- Published by:
- Nikolay Kositsin
- Views:
- 8218
- Rating:
- Published:
- 2011.09.21 17:16
- Updated:
- 2023.03.29 13:43
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Real author:
Victor Chebotariov
Yaanna is the simplest indicator of the overbought/oversold states.
Application method:
Yaanna is a confirmatory indicator that must be used for a main signal check.
- We should sell or close long positions when the indicator value is above 100.
- We should buy or close short positions when the indicator value is below 0.
Similar to many other indicators, overbought/oversold position may show presence of a trend. But the market situation must also be considered.
The code was published in Code Base 26.03.2009.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/454
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