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The indicator identifies the strength of the trend based on the points where the demarker indicator exceeds the overbought and oversold levels.
The indicator does not redraw.
This indicator:
- Suitable for all markets;
- Not redrawn;
- Intuitive and simple;
- It can be useful for both beginners and experienced traders;
- Allows you to identify market entry points where there is a high probability of a significant price movement sufficient for a successful transaction;
Settings:
- Ind_Period (>1) – period of the indicator;
- OB – Overbought level value;
- OS – Oversold level value.
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