ZigZag Robex

On the current chart, this indicator displays candlestick highs and lows of another time frame. Input Parameters: TimeFrame - chart time frame whose data will be displayed on the current price chart (by default, H12). Time Zone - shift of the indicator by time zone relative to the broker's time (by default, Broker-1). If the broker's time zone is UTC+1 and the Time Zone parameter is set to Broker-1, the bends of the indicator will be plotted in multiples of Greenwich Time. Indicator buffer value

The Checkpoints indicator implements an advanced algorithm for visualizing the market trend. The main application of the indicator is to generate buy and sell signals. Determining the market trend is an important task for traders. Probably, almost every trader has dreamed of non-lagging MAs at least once. I have embodied this dream in my indicator. With this indicator, you can predict future values.  The indicator is designed to determine either a trend or short-term buy or sell signals. Th

Trailing Uses Standard Deviation.   A daptive_Trailing_uses_StdDev_Indicator is an indicator of directional movement that allows you to identify a trend at the time of its inception and set the levels of a protective stop. Unlike trailing with a constant distance, the indicator uses the distance to the price proportional to the current standard deviation of StdDev. The distance is equal to the product of the standard deviation and the constant coefficient set by the user. Thus, the traili

"Battles between bulls and bears continue to influence price development long after the combat has ended, leaving behind a messy field that observant technicians can use to manage risk and find opportunities. Apply "trend mirror" analysis to examine these volatile areas, looking for past action to impact the current trend when price turns and crosses those boundaries." RSI Mirrors and Reflections is a robust technique using multiple RSI periods, mirrors and reflections based on RSI values to ind

This is a screener that allows to identify assets that are more than usually overbought (% growth) or oversold (% fall)  within a selected period of time (time frame). The market is ruled by the law, buy cheaper, sell more expensive,  but without an automatic scanner it is very difficult to identify assets overbought or oversold, say, within the current week, or the current hour, or month. There can be dozens or hundreds of instruments, sometimes it is simply not possible to physically analyze e

KT DMA is a modified and advanced version of the classic Displaced Moving Averages with buy/sell crossover alerts and a Multi-Timeframe scanner that shows DMA's direction across each real-time time frame. A Displaced Moving Average is a simple moving average that moves ahead or backward in a time frame (either short-term or long-term). It also allows you to predict price movement more accurately. Features Depicts the trend direction using the alignment of three moving averages. Buy/Sell signa

Indicator with 3 features - Clock : Clock independent of the chart, counting continues even when the market is closed. - Template : After setting up a configuration in any graphic, be it color patterns, indicators, zoom ... The configuration will be copied to all active graphics. - TimeFrame : Set the TimeFrame on a chart, and with just one click all the active charts will be changed to the same TimeFrame.

This indicator identifies the global trend and has a powerful algorithm for filtering out any type of noise that can interfere with trend direction identification. A special filter shows areas of sideways trend, consolidation or flat, which allows you to avoid any uncertainties in the market movement vision and gives a clear understanding of the global trend movement. This indicator has no analogues and gives it unique advantages in the analysis of price movements and determination of the dir

Why the RSI Alert Indicator is Essential for Your Trading Toolkit In the fast-paced world of trading, timely and accurate information is crucial. The RSI Alert Indicator is a powerful tool designed to help you stay ahead of the market by providing real-time alerts when the Relative Strength Index (RSI) reaches critical levels. Whether you're a novice trader or a seasoned professional, this indicator can significantly enhance your trading strategy by pinpointing potential market reversals with

The Regression indicator shows the direction of the trend. The graph shows up to 3 regression lines with different time periods. The straight line is built as the average inside the wave channel of the price movement (shown on one ScreenShot). In this case, you can disable any of the lines. Also, the indicator allows you to change the color for each line. It is interesting to calculate the relative angle in degrees. The angle display can also be turned off. Thanks to this indicator, you can

Find out in real time which side, buy or sell, is putting the most pressure through a simple and efficient visualization of Depth of Market. The indicator calculates the amount of offers at the specified depths and displays the percentage on each side in relation to the total. PressureBook Indicator is fully customizable, in which you can: Select which symbol you want to track. By default, the selected symbol is the same as the graph in which the indicator was inserted; Define the amount of pri

This is Gekko's Bollinger Bands indicator. It extends the use of the famous Bollinger Bands and calculates strong entry and exit signals using price action on the edge and on the middle bands. You can set it up in many different ways, eg: pullback, pullback against trend, middle band crossing and middle band crossing against trend. Inputs Number of Bars to Plot Indicator:  number of historical bars to plot the indicator, keep it low for better performance; Produces Signal Only When a Bar Closes:

Trend Dynamics Expert Advisor is a level trader designed to be as precise as possible. Because of the extreme accuracy of the entries and the algorithms ability to filter out bad trades, the system does not take new trades every day. The system was not optimized and has fixed indicator settings as its universally adaptable. Be aware, that its recomended to run multiple pairs on the same account for more profit. Our Goal is to help you be way more profitable and way more stress free, so yo

Versus USD calculates the price variation of each major currency against the USD and displays a clear and comparative view of their performance for each period or bar indexed by the   cursor   in the current Timeframe of the chart with   progress bars . Additionally, it marks an   arrow   on the bar/period where the currency in question experienced the   highest   or   lowest   rate of change against the USD compared to other currencies, thus providing a more precise measure of the currency's pe

Most time the market is in a small oscillation amplitude. The Trade Area indicator helps users to recognize that time. There are 5 lines in this indicator: Area_high, Area_middle, Area_Low, SL_high and SL_low. Recommendations: When price is between Area_high and Area_Low, it's time to trade. Buy at Area_Low level and sell at Area_high level. The SL_high and SL_low lines are the levels for Stop Loss. Change the Deviations parameter to adjust SL_high and SL_low.

I  recommend you to read the   product's blog  (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles.  The indicator can also be used in single chart mode. Please read more about this option in the product's   blog . Combined with your own rules and techniques, this indicator will allow

This indicator shows external bars ("Aussenstäbe") in the chart in candle form. The colors of the candles can be set individually. Also different colors for bearish and bullish bars are possible. In addition, the color of the wicks or outlines is also adjustable. Outside bars are mentioned e.g. by Michael Voigt in the book "Das große Buch der Markttechnik". All other candles are inner bars.

EA detects price market movement by moving up and down on 2 bullish or bearish candles. It temporarily predicts the size of candles with 5 bulls or bears in a row, which can happen on the 5m-15m-30m-1H time chart. With the built-in ability to trade 3 different pairs in the same scenario, but the scalper takes the trend consecutively. And it is possible to change which pairs can be used in the settings if the scalper works in triple mode., (suitable for FOREX OILS AND METALS). Settings Mode trad

The Fixed Trend indicator searches for and displays the turning point price on the chart. Trend indicators are one of the main tools for analyzing trends in the Forex currency market. The goal, which was pursued in its creation, is to obtain signals that will give less noise and respond more quickly to price changes. The Fixed Trend indicator is a trend indicator that is used to search for reversals when its boundaries break. Trend indicators allow you to effectively determine the direction

3 candel indicator in 1 !!! The 3 most important candel indicator in 1 packadge. Help trader in chart visualisation, prevent reversal !!! Doji : Gravestone Doji, Long Legged Doji, Dragonfly Doji. Engulfing : Bullish, Bearish. Hammer : red hammer, green hammer. Fully parametrable indicator icon color config and alarm. Free life time update !!! Just try our demo for free.

The best quality application of the famous Super Trend indicator that requires no introduction. It is completely faithful to the original algorithm and powered by the CCI indicator. - easy to trade - It implements all kinds of warnings. - It implements a multi-timezone dashboard. - It cannot be repainted or backpainted. Input parameters - ATR Period – This is the average true range period. - ATR Multiplier - The ATR multiplier that defines the trend. - CCI - Makes trend following powerful. -

A useful feature may be to determine the normal frequency of round-sized trades, and monitor deviations from that expected value. The ML algorithm could, for example, determine if a larger-than-usual proportion of round-sized trades is associated with trends, as human traders tend to bet with a fundamental view, belief, or conviction. Conversely, a lower-than-usual proportion of round-sized trades may increase the likelihood that prices will move sideways, as silicon traders do not typically hol

This indicator can help you clearly identify trend changes in both bullish and bearish markets. The indicator compares the closing price of the last candle with the closing price of the candle "X" periods ago (input parameter). In an uptrend, an initial number '1' is plotted if a candle closes higher than the closing of a candle "X" periods ago. In a downtrend, an initial number '1' is plotted if a candle closes below the closing of a candle "X" periods ago. Subsequent numbers are plotted when e

Descriptions A point point is a technical analysis indicator, or calculations, used to determine the overall trend of market over different time frames. This indicator calculate the highest or lowest pivots among left x and right y bars and show the high/low level during that period.   From that, you could clearly see the top resistance & bottom support level and how market goes break out. Instructions pivotLeft - pivot left bar count pivotRight - pivot right bar count pivotHighColor - c

Indicador Para Opções Binarias. Indicator for Binary Options Usa dois gales. Instalar em mt5 Esse indicador é para ser usado no tempo de vela de 5 minutos e em M5. Este também funciona em M1, porém é mais eficiente em M5. Só descompactar e copiar os arquivos na pasta de dados do seu MT5. Arquivos indicator na pasta MQL5 - Indicator. Baixe também a Media Movel totalmente gratis: https://www.mql5.com/pt/market/product/50400 Esse Indicador é para a próxima vela. Apareceu a seta, só aguardar a pr

You ask yourself the question every time you open your charts: how to win in trading? Will using a lot of indicators work? well know that I also asked myself the same questions when I first started trading. After testing many indicators, I realized that winning trading is simple and accurate trading. after several months of thinking and optimizing I was able to find my solution: Candle Good Setup Candle Good setup is a trend and entry timing indicator analyzing the market in multi-frame to give

Brief Description: A tool to display historical Open, High, Low, and Close (OHLC) price points for various time periods. Gain insights into market behavior with data from yesterday, the day before, the previous week, and the previous month. Recognize liquidity zones effectively. Features: 1. Comprehensive Timeframe Insights: Visualize crucial OHLC points for different timeframes. Historical data for yesterday, day before yesterday, previous week, and previous month. 2. Built on ICT's Teachings:

This easy to setup indicator shows you the market volumes in a different way, with support and resistance as showed. You can setup: - Backdays volume to show - Heiken Ashi candle view It works for every kind of graph and every kind of period. The program shows the volumes based on the number of candles displayed in the chart: the more candles the more volumes. Enjoy this very useful indicator. Please feel free to message me to report any kind of improvements! :D

Trend Ruby, indicator 3 of the ruby ​​pack. trend ruby ​​has the strategy of breaking the structure or trend line How well do the lines mark and gives you the signal of breaking or following the trend? and bounce! works for any temporality, It is used for scalping and also intraday It works for the forex markets all the pairs, also for synthetic indices all pairs ideal for volatility and jumps! also crash and boom!

MT4 Version Kill Zones Kill Zones allows you to insert up to 3 time zones in the chart. The visual representation of the Kill Zones in the chart together with an alert and notification system helps you to ignore fake trading setups occurring outside the Kill Zones or specific trading sessions. Using Kill Zones in your trading will help you filter higher probability trading setups. You should select time ranges where   the market   usually reacts with high volatility. Based on   EST time zone, f

First of all Its worth emphasizing here that this Trading Indicator is   Non-Repainting   , Non Redrawing and Non Lagging Indicator   Indicator, Which makes it ideal from both manual and robot trading.  User manual: settings, inputs and strategy . The Atomic Analyst  is a PA Price Action Indicator that uses Strength and Momentum of the price to find a better edge in the market. Equipped with Advanced filters which help remove noises and false signals, and Increase Trading Potential. Using Mult

Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo

First of all Its worth emphasizing here that this Trading System is Non-Repainting   , Non Redrawing and Non Lagging Indicator Which makes it ideal from both manual and robot trading .  Online course, manual and download presets. The Smart Trend Trading System MT5 is a comprehensive trading solution tailored for new and experienced traders . It combines over 10 premium indicators and features more than 7 robust trading strategies , making it a versatile choice for diverse market conditions . Tre

Top indicator for MT5   providing accurate signals to enter a trade without repainting! It can be applied to any financial assets:   forex, cryptocurrencies, metals, stocks, indices .  Watch  the video  (6:22) with an example of processing only one signal that paid off the indicator! MT4 version is here It will provide pretty accurate trading signals and tell you when it's best to open a trade and close it. Most traders improve their trading results during the first trading week with the help of

The AT Forex Indicator MT5 is a sophisticated trading tool designed to provide traders with a comprehensive analysis of multiple currency pairs. This powerful indicator simplifies the complex nature of the forex market, making it accessible for both novice and experienced traders. AT Forex Indicator uses advanced algorithms to detect trends, patterns and is an essential tool for traders aiming to enhance their forex trading performance. With its robust features, ease of use, and reliable signal

Gold Stuff mt5 is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. Contact me immediately after the purchase to get   personal bonus!  You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings  and manual   here   SETTINGS Draw Arrow - on off. drawing arrows on the chart. Alerts -   on off audible alerts. E-mail notification - on of

Trading GOLD, and currencies, with the dog walk strategy  - super smart Trading GOLD, and currencies, with the breakout strategy  - super easy Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Power MT5 NG  is the next generation of our long-time very popular currency strength meter, FX Power.  And what does this next-generation strength meter offer? Everything you have loved about the original FX Power  PLUS GOLD/XAU st

TPSpro TRENDPRO  - is a trend indicator that automatically analyzes the market and provides information about the trend and each of its changes, as well as giving signals for entering trades without redrawing! The indicator uses each candle, analyzing them separately. referring to different impulses - up or down impulse. Exact entry points into transactions for currencies, crypto, metals, stocks, indices!  -  Version MT4               DETAILED DESCRIPTION               R ecommended to use with

Reversal First Impulse levels (RFI)      INSTRUCTIONS        RUS       -       ENG              R ecommended to use with an indicator   -   TPSpro  TREND PRO -  Version MT4                 A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Main functi

Unlock the Power of  Trends trading with Trend Screener Indicator: Your Ultimate Trend Trading Solution powered by fuzzy logic and Multi-currencies System ! Elevate your trend trading with Trend Screener, the revolutionary trend indicator powered by   fuzzy logic.  It is a powerful trend-following indicator that combines over  13 premium tools and features and 3 trading strategies  , making it a versatile choice to   make your Metatrader a Trend Analyzer. LIMITED TIME OFFER : Trend Screener Indi

First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for professional trading . Online course, user manual and demo. The Smart Price Action Concepts Indicator is a very powerful tool for both new and experienced traders . It packs more than 20 useful indicators into one , combining advanced trading ideas like Inner Circle Trader Analysis and Smart Money Concepts Trading Strategies . This indicator focus

Visit our all-new   Stein Investments Welcome Page   to get the latest information, updates and trading strategies. FX Volume is the FIRST and ONLY volume indicator that provides a REAL insight into the market sentiment from a broker's point of view. It provides awesome insights into how institutional market participants, like brokers, are positioned in the Forex market, much faster than COT reports. Seeing this information directly on your chart is the real game-changer and breakthrough solut

Step into the realm of Forex trading with confidence and precision using XQ, a cutting-edge Forex indicator designed to elevate your trading game to unprecedented heights. Whether you're a seasoned trader or just stepping into the world of currency exchange, XQ Forex Indicator empowers you with the insights and signals needed to make informed trading decisions. The signal conditions are a combination of three indicators, and XQ Forex Indicator only display  medium and long-term trends . The ind

TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"

Introducing   Quantum Breakout PRO , the groundbreaking MQL5 Indicator that's transforming the way you trade Breakout Zones! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Breakout PRO   is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. Quantum Breakout Indicator will give you signal arrows on breakout zones with 5 profit target zones and stop loss suggestion based on the breako

Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaustion point. The indicator draws in a rectangle on

Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potential of Advanced Suppl

IX Power   finally brings the unbeatable precision of FX Power to all your trading symbols. It accurately determines the intensity of short, medium and long-term trends in your favourite indices, stocks, commodities, ETFs, and even cryptocurrencies. You can   analyse everything   your terminal has to offer. Try it out and experience how   your timing improves significantly   when trading. Read about our latest strategic development -  Easy scalping with IX Power Visit our all-new   Stein Inve

Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the

How many times have you bought a trading indicator with great back-tests, live account performance proof with fantastic numbers and stats all over the place but after using it, you end up blowing your account? You shouldn't trust a signal by itself, you need to know why it appeared in the first place, and that's what RelicusRoad Pro does best! NOW $147 (increasing to $499 after a few updates) - UNLIMITED ACCOUNTS (PCs or MACs) **  User Manual + Strategies + Training Videos + Private Group with

ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG, Invert FVG, IFVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF

Matrix Arrow Indicator MT5  is a unique 10 in 1 trend following   100% non-repainting  multi-timeframe indicator that can be used on all symbols/instruments:   forex,   commodities,   cryptocurrencies,   indices,   stocks .  Matrix Arrow Indicator MT5  will determine the current trend at its early stages, gathering information and data from up to 10 standard indicators, which are: Average Directional Movement Index (ADX) Commodity Channel Index (CCI) Classic Heiken Ashi candles Moving Aver

This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p

This indicator is a market analysis method based on the "Mathematical formula for market predictions" article written by WD Gann depending on square of 144 90 and 52 . And square of 9 With method by Dr.hamada salam about square of 9 and its relations with channel and star of that square. User Manual: Add Your review And contact us to get the user manual https://ontrd.com/our-books/ You Can Buy Full MT4 Full Version: https://www.mql5.com/en/market/product/15316 You can test on MT4 For free :

Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings

Introducing the Quantum Heiken Ashi PRO charts with integrated alerts Designed to provide clear insights into market trends, the Heiken Ashi candles are renowned for their ability to filter out noise and eliminate false signals. Say goodbye to confusing price fluctuations and hello to a smoother, more reliable chart representation. What makes the Quantum Heiken Ashi PRO truly unique is its innovative formula, which transforms traditional candlestick data into easy-to-read colored bars. Red and g

Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all possible timeframes. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all possible timeframes 3. Search for patterns of all possible sizes. From the smallest to the largest 4. A

The Precision Index Oscillator (Pi-Osc) for MT5 by Roger Medcalf of Precision Trading Systems First of all, if you have any questions please contact me via my website which you can find by searching the above title. Version 2 has been carefully recoded to be super fast to load up on your chart and some other technical improvements have been incorporated to enhance experience. Pi-Osc was created to provide accurate trade timing signals designed to find   extreme     exhaustion points, the points

The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met

**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me after the purchase to send you instructions and add you in "Trend Reversal group" for sharing or seeing experiences with other users. Introduction: Trendlines are the most famous technical analysis in trading . Trendlines continually form on the charts of markets across all the different timeframes providing huge opportunities for traders to jump in and profit on the action. In the other hand,  The tre

The standard RSI indicator is very helpful in identifying overbought or oversold areas during a flat, but gives a lot of false signals when the market is trending. For example: during an uptrend, the standard indicator often enters the "oversold" zone and extremely rarely (most often, when the trend has already ended) enters the "overbought" zone. This indicator takes into account the trend movement and, with the selected settings, can enter the zone opposite to the trend direction, giving a sig

Everything is very simple here. I have never understood indicators without external parameters. And the Awesome Oscillator is no exception. Now you can customize this indicator to suit your needs and strategies. Reference: The Awesome Oscillator indicator shows the distance in points between two moving averages (fast and slow). The AO_Robex indicator has in its parameters a change in the period of moving averages. The default parameters are the same as in the standard indicator.

Intelligent ZigZag indicator. It has only two settings. The higher the values, the more significant extreme values it shows. Application area. To determine the trend. Line drawing direction. To recognize multiple patterns. If you put two indicators on one chart with fast and slow values. By changing the color of one of them, you can very well decompose the price movement into waves. The indicator can be a great helper for marking the chart and identifying the key levels from which t

The standard RSI indicator is very helpful in identifying overbought or oversold areas during a flat, but gives a lot of false signals when the market is trending. For example: during an uptrend, the standard indicator often enters the "oversold" zone and extremely rarely (most often, when the trend has already ended) enters the "overbought" zone. This indicator takes into account the trend movement and, with the selected settings, can enter the zone opposite to the trend direction, giving a sig