This indicator provide alerts when price is out of overbought/oversold regions.
It’s based on RSI and Stoachstic indicators. You can decide to use both indicators or just one of them (only RSI or only Stochatic).
When oversold/overbought levels are crossed from oversold/overbought region, an arrow is drawn on the chart indicating a possible buy/sell opportunity.
You can decide to receive a standard alert on MT4 and/or a push notification on your Metatrader app.
You can configure the indicator by specifying:
• RSI and Stochastic periods
• Oversold/Overbought levels for both RSI and Stochastic
• Arrow size
• Distance of arrows from prices
• Maximum number of bars you want the indicator to analyze