There are many indicators providing overbought/oversold levels, and you can select them in CodeBase.
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You can look at the following indicators for example:
- Schaff Trend Cycle - indicator for MetaTrader 5
- Schaff trend cycle - adjustable smoothing - indicator for MetaTrader 4
- Schaff trend cycle - adjustable smoothing - indicator for MetaTrader 5
- RSI Floating Levels - indicator for MetaTrader 5
- and many many other indicators from the CodeBase.
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Example to use those levels: +135 pips
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Forum on trading, automated trading systems and testing trading strategies
BRAINWASHING SYSTEM/ASCTREND SYSTEM
Sergey Golubev, 2017.08.21 14:41
And do not forget to add the levels in Schaff trend cycle - adjustable smoothing indicator
is there any oscillator or indicator, which shows that prices are oversold/overbought with respect to last day/last week open/close price.
and how accurate is that oscillator,which time frame they are close to result.