Overbough_Oversold_indicator

Overbought Oversold indicator MT4

Overbought Oversold indicator MT4 Forex shows you when price is overbought and when price is oversold.

tag: overbought/oversold indicators, best indicator for overbought oversold

Category: MT4 Indicators

Platform: Metatrader 4

Download link: At the end of the post.

Introduction

There are many indicators of overbought/oversold conditions out there. And this is one of them.

The most popular indicators used to identify overbought and oversold conditions are the relative strength index (RSI) and the stochastic oscillator. Both tools are momentum indicators and are plotted on a separate graph adjacent to that of the price action. They are also banded oscillators and, as such, have a set graphic range between 0-100. Overbought and oversold readings bookend the upper and lower bands, or extremes, of this range.

Screenshot

Overbough_Oversold_indicator

Default setting

Overbough_Oversold_setting

Download

Overbought Oversold indicator

 


How To Install Custom MT4 Indicators On Mt4 (6 Simple Steps)

Step 1: Download The Indicator To Your Computer. Unzip (if any) to get .mq4 and/or .ex4 file

Step 2: Go To Your Mt4 Trading Platform And Click “Open Data Folder”

Step 3: Click open the “MQL4” folder

Step 4: Click Open the “Indicators” Folder

Step 5: Paste The Custom MT4 Indicator Into The “Indicators” Folder

Step 6: Close Your MT4 Trading Platform And Then Restart It

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