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Re: RSI Indicators for MT4

Banzai, Mon Jul 04, 2022 6:06 am

RSI OB OS
(on/off button)

I'm going to rename this indicator to OB OS.
Only super coder like mladen and mrtools can find the peaks and the troughs.

OB = overbought
OS = oversold

For this indicator, if you see a candlestick under the SMA (20),
which is also the middle line of the Bollinger Band,
and a bunch of red dots in the oversold area,
then it's a downtrend.
Vice versa for an uptrend.
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