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Indicators: Yaanna

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Yaanna:

Yaanna is the simplest indicator of the overbought/oversold states.

Yaanna is a confirmatory indicator that must be used for a main signal check.

  1. We should sell or close long positions when the indicator value is above 100.
  2. 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.

Yaanna indicator

Author: Nikolay Kositsin

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