my MACD indicator lacks any lines to actually show the usually overbought/sold areas, but it does have the numbers - from memory, I remember reading somewhere the lines should be set at +2 and -2 for overbought/sold, is this correct?? (0.2 & -0.2)
|/ Dream as if you'll live forever... Live as if you'll die today. \|
There is no such thing as overbought and oversold.
The Market is always just doing its job. Matching the most buyers and sellers at any given price. How can there be an oversold condition with that in mind?