Overbought n Oversold Indicator for MT4
Topic: Overbought n Oversold Indicator for MT4
Take the SELL signal when the indicator falls below 70 level or take the BUY signal when the indicator rises above 30 level. The best method here is to watch the whole context of the price moves and Price Action. If you feel and see that the market is reversing, it is the right time to trade!
Close your BUY trades as soon as the line of the indicator becomes red and close your SELL trades as soon as the line of the indicator becomes green