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Overbought and oversold indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=22268
Forum: 17 · Topic 22268 · 12 post(s)
Overbought and oversold indicator
Alexander.Gettinger · Fri Aug 10, 2012 2:42 pm
Formula: Overbought_Oversold=(MA/ATR)*100, where MA - moving average for (Close-Low) with Length as period, ATR - average true range with Length as period.
Download:
The indicator was revised and updated
Re: Overbought and oversold indicator
Blackcat2 · Fri Aug 10, 2012 3:21 pm
How to read/interpret this indicator?
What is the overbought and oversold level?
Cheers.. BC
Re: Overbought and oversold indicator
Jeffreyvnlk · Sun Aug 26, 2012 12:14 pm
Sorry, i can not load that indicator, the message as following:
Uploaded with ImageShack.us
Re: Overbought and oversold indicator
Ekaterina · Sun Aug 26, 2012 11:56 pm
Hi Jeffreyvnlk ,
Please load the indicator from the attachment below. That should solve the problem:
Best regards, Ekaterina
Re: Overbought and oversold indicator
Jeffreyvnlk · Wed Apr 10, 2013 6:49 pm
Appreciated if you could add 2 levels for overbought and oversold.Thanks
Re: Overbought and oversold indicator
Apprentice · Fri Apr 12, 2013 4:17 am
overbought, oversold levels added.
Re: Overbought and oversold indicator
Jeffreyvnlk · Thu Apr 25, 2013 3:18 am
If you want to know, this kind of alternative %R
Re: Overbought and oversold indicator
Apprentice · Fri Apr 26, 2013 10:54 am
Can you explain this post …
Re: Overbought and oversold indicator
Jeffreyvnlk · Sun Apr 28, 2013 4:13 pm
Apprentice wrote: Can you explain this post …
Original Post : OB/OS relating to MVA(Close-Low)/ ATR (H-L)
and
%R ~ (H-C)/ (H-L)
The indicator made in this topic dealing with Low whereas %R High so both sort of same
Re: Overbought and oversold indicator
Apprentice · Mon Apr 29, 2013 5:16 am
Alex is using this formula it his indicator. OBOS =100* MA of (close - low) / ATR (Price) Price is not H-L Can you once again write forumulu that you want to use. Is it. %R ~ (H-C)/ (H-L)
Re: Overbought and oversold indicator
Jeffreyvnlk · Mon Apr 29, 2013 11:44 am
Apprentice wrote: Alex is using this formula it his indicator. OBOS =100* MA of (close - low) / ATR (Price) Price is not H-L Can you once again write forumulu that you want to use. Is it. %R ~ (H-C)/ (H-L)
Sorry for making it messy but i think ATR have some components dealing with H and L. Of course it is not so directly as %R case. If i am wrong, please correct me.Thanks
Re: Overbought and oversold indicator
Apprentice · Thu May 11, 2017 1:44 pm
Indicator was revised and updated.