Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=72254
Forum: 17 · Topic 72254 · 2 post(s)
Apprentice · Mon May 30, 2022 9:02 am

The Simple Trend Detector (STD) Indicator is a momentum indicator which is based on the Relative Strength Index (RSI). The area below 0.3 represents the oversold area, while the area above 0.7 represents the overbought area. Both scenarios are prime conditions for a possible mean reversal.

MTF MCP Simple-trend-detector Heat Map.lua
Apprentice · Fri Jun 03, 2022 7:56 am
MTF MCP Simple-trend-detector Heat Map.lua added.