Hello,
Can anyone help me with a sma200 oversold & overbought areas indicator?
I need an indicator which can draw 2 lines to show the overbought&oversold areas.
It is based on simple moving average 200.
Well, if the price is 25% up SMA200 (also 1.25*SMA200), I said it is overbought.
If the price is 25% down SMA200 (also 0.75*SMA200), I said it is oversold.
Can anyone help me with this mt4 code?
Can anyone help me with a sma200 oversold & overbought areas indicator?
I need an indicator which can draw 2 lines to show the overbought&oversold areas.
It is based on simple moving average 200.
Well, if the price is 25% up SMA200 (also 1.25*SMA200), I said it is overbought.
If the price is 25% down SMA200 (also 0.75*SMA200), I said it is oversold.
Can anyone help me with this mt4 code?