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True Oversold Overbought MT5

5

The True Oversold Overbought indicator provides you with ability to swiftly check whether the asset is oversold or overbought. 

  • Other than complementing your trading with True Oversold Overbought, you can use the indicator as your only trading system.
  • It works with all forex instruments and will save you the headache of estimating when the market is due for a reversal or retracement. 

  • When the "Super Charge" feature is enabled, the areas where the price is in oversold/overbought status are amplified to give you a clear state of the market,therefore, you will not miss the moment to prepare for a reversal/retracement.
  • Alternatively, when the "Super Charge" feature is disabled, the indicator still shows the oversold and overbought levels but this time you get a broader view of the market. 
  • Get alerts when price bleach the oversold/overbought levels.
  • See reversal areas which are indicated by a triangle and trendline.

True Oversold Overbought (MT4) >> Download MT4 Version


BUY True Oversold Overbought  and get a FREE GOLD GRID TRADER EA (Mt4 Version).

Advantages

  • It is not overly sensitive or keep touching oversold/overbought levels.
  • Open trades early when the price is exiting overbought / oversold levels and close trades at the right time.
  • Trade when there is noise and when the market is silent.

Settings

No complex settings since the default settings work perfectly. However, the following is all you can add if you want to change a few things.

  • Select between old and new version of the indicator 
  • Add the Coefficient value.
  • Add Price Smoothing
  • Add your RSI period
  • Add your Money Flow Index (MFI) period
  • Enable/Disable the Super Charge feature. 
  • Add the Super Charge and Ordinary Sell and Buy levels that suits your trading. All is drawn automatically.
  • Enable drawing of rectangles - shows boxes where price is in the extremes.
  • Alerts
  • Reversal settings

Basic Usage

The indicator displays on the separate window and also show rectangles on the main chart.

When the overbought and oversold rectangles draw, it is time to buy if price opens above the rectangles and sell if the candle opens below.


Note: If the overbought rectangle is formed but a candle open above it, its an indication the trend will continue surging for a while before breaking below.

Similarly, the continued drop in price below the oversold rectangle indicates the price might continue in the same direction before bulls takes control.


Manual Part 1 |  Manual-Multi-timeframe  Part 2 |  Manual-New update Part 3



İncelemeler 1
Mr Akin Kaewpunnil
262
Mr Akin Kaewpunnil 2022.07.30 04:51 
 

Superb

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Yeni Nesil Otomatik Arz ve Talep Bölgeleri. Her Grafikte Çalışan Yeni ve Yenilikçi Algoritma. Tüm Bölgeler Piyasanın Fiyat Hareketine Göre Dinamik Olarak Oluşturulmaktadır. İKİ TÜR UYARI --> 1) FİYAT BİR BÖLGEYE ÇIKTIĞINDA 2) YENİ BİR BÖLGE OLUŞTURDUĞUNDA Bir tane daha işe yaramaz gösterge almazsın. Kanıtlanmış Sonuçlarla eksiksiz bir Ticaret Stratejisi elde edersiniz.     Yeni özellikler:     Fiyat Arz/Talep Bölgesine ulaştığında uyarılar     Yeni bir Arz/Talep Bölgesi olu
The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Session filtering and grouping. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Graphical layering, positioning and styling options to suit the user's analytic and aesthetic n
Currently Price  20% OFF  ( for unlimited use ) Indicator   USER MANUAL , trade setups, solving issues, etc :  Direct Download Here     (  for users only  ) Hello World! Introducing.. SMCpro tool and Indicator for  MetaTrader 5 , a cutting-edge feature designed to revolutionize your trading experience. With innovative ICT Smart Money Concept, you gain unparalleled insight into market dynamics, empowering you to make informed trading decisions like never before. SMC Indicator built on th
RelicusRoad Pro MT5
Relicus LLC
4.83 (23)
Şimdi 147 $ (birkaç güncellemeden sonra 499 $ 'a yükseliyor) - Sınırsız Hesaplar (PC'ler veya Mac'ler) RelicusRoad Kullanım Kılavuzu + Eğitim Videoları + Özel Discord Grubuna Erişim + VIP Durumu PİYASAYA BAKMAK İÇİN YENİ BİR YOL RelicusRoad, forex, vadeli işlemler, kripto para birimleri, hisse senetleri ve endeksler için dünyanın en güçlü ticaret göstergesidir ve yatırımcılara kârlı kalmaları için ihtiyaç duydukları tüm bilgileri ve araçları sağlar. Başlangıç ​​seviyesinden ileri seviyey
Tricky to find and scarce in frequency, divergences are one of the most reliable trading scenarios. This indicator finds and scans for regular and hidden divergences automatically using your favourite oscillator. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to trade Finds regular and hidden divergences Supports many well known oscillators Implements trading signals based on breakouts Displays suitable stop-loss and take-profit levels Configurable oscilla
Golden Spikes Detector
Batsirayi L Marango
3 (2)
Golden Spikes Detector This indicator is based on an advanced strategy primarily for trading spikes on Boom and Crash Indices. Complex algorithms were implemented to detect high probability entries only. It alerts on potential Buy and Sell entries. To trade spikes on the Deriv or Binary broker, only take Buy Boom and Sell Cash alerts. It was optimised to be loaded on 5-minute timeframe although multiple timeframe analysis is done in the background. Features ·             Desktop pop up and sound
Blahtech Supply Demand MT5
Blahtech Limited
4.57 (14)
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
This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continuation patterns The indicator is non-repainting and implements alerts The indicator implements a multi-timeframe dashboard It detects
Yenilikçi Temel Mum Çubuğu Formasyonları Panomuz, grafikteki kârlı mum çubuğu formasyonlarını otomatik olarak belirlemek için özel olarak tasarlanmıştır. Bu gösterge paneli, fiyat grafiklerini gerçek zamanlı olarak taramak ve klasikten karmaşığa kadar çok çeşitli mum çubuğu formasyonlarını tespit etmek için gelişmiş algoritmalar kullanır. Buna ek olarak, tespit edilen formasyonları farklı zaman dilimlerinde görselleştirmenize olanak tanıyan kullanımı kolay bir arayüze sahiptir ve bilinçli karar
IVISTscalp5
Vadym Zhukovskyi
5 (5)
We present you the iVISTscalp5 indicator, which is not only unique, but also effective in the analysis of trading operations. This indicator is based on time data and is the result of many years of experience and deep analysis of financial markets. The iVISTscalp5 indicator is an excellent assistant for manual trading. Convenience, simplicity and visualization. All the most difficult is hidden inside. We have simplified the settings and use of the iVISTscalp5 indicator as much as possible. The i
Stargogs Spike Catcher
Lorenzo Edward Beukes
4.5 (8)
Stargogs Spike Catcher V3.12 This Indicator is Developed To milk the BOOM and CRASH indices . Send me Message if you need any help with the indicator.  CHECK OUT THE STARGOGS SPIKE CATCHER EA/ROBOT V3: CLICK HERE ALSO CHECK OUT SECOND TO NONEFX SPIKE CATCHER:   CLICK HERE STARGOGS SPIKE CATCHER V3.12 WHATS NEW! Brand New Strategy. This is the Indicator you need for 2023. The Indicator Gives you an Entry at a time when conditions are met enter on every arrow and exit when it gives an X. New Tren
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Trendy Stocks
Innovicient Limited
5 (2)
Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas.  The algorithm allows you to stay longer in a trend where the bulls or bears are in control. The indicator changes color immediately the price exits oversold/overbought state. In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.    For MT4 version, follow :: https://www
FREE
Chart Analyzer
Innovicient Limited
The Chart Analyzer is an MT4 indicator that provides visual arrow signals without redrawing them. In addition, we have included trendlines to validate your entries. This indicator has been fine-tuned to work with all timeframes and instruments.  The Chart Analyzer has a number of advantages Does not fade or remove arrows when drawn Sends both email and phone alerts. It is light on computer resources Easy to install. Default setting works just fine.  If price opens above the trendline, open
Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas.  The algorithm allows you to stay longer in a trend where the bulls or bears are in control. The indicator changes color immediately the price exits oversold/overbought state. In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.  For MT5 version, follow ::     https://w
FREE
Ranging Market Detector
Innovicient Limited
5 (2)
Ranging Market Detector scans the market for momentum and price to check whether the price is range- bound and the direction to which it will breakout.  It works with all the  all assets and visually shows you the instances when the market is either ranging or trending. Informs when the price has finished a retracement, an opportune time to re-enter the trend early. This will help you in position management.  It works very well for Scalping, Day trading, and Swing trading. Helpful in all timefra
Retracement Feeder
Innovicient Limited
5 (1)
The Retracement Feeder checks for retracement opportunities after the first move has occurred.  Basically it scans for the second wave of trend. Works with any financial instrument,  It does not repaint/change color or cancel arrows, Easy to set and use. Works great with Renko Charts MT5 version:  https://www.mql5.com/en/market/product/71340 How it works The indicator is based on RSI and Stochastics.  The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimiz
The True Oversold Overbought indicator provides you with ability to swiftly check whether the asset is oversold or overbought.  Other than complementing your trading with True Oversold Overbought, you can use the indicator as your only trading system. It works with all forex instruments and will save you the headache of estimating when the market is due for a reversal or retracement.  When the "Super Charge" feature is enabled, the areas where the price is in oversold/overbought status are ampl
Introduction The Convergence Divergence Suite contains 17 indicators , built-in MT4 technical indicators and custom ones . The list will be increased in subsequent versions as per users' requests.  Any selected indicator is loaded on your chart then automatic Convergence and Divergence trend lines are drawn on the chart and indicator. This tool is important if you use any of the listed indicators or convergence/divergence in your strategy. Advantages With the Convergence Divergence Suite you
Hot Zones
Innovicient Limited
5 (1)
This indicator simplifies your entry zones by displaying the areas where you can plan your entry that potentially could give you high risk/reward ratios. Other than picking the most optimal entry points, the Hot Zone indicator can act as your typical support/resistance indicator for pullbacks for all timeframes. You can use this indicator as the only trading indicator or use it with another indicator for reentry purposes.  Besides, when using Hot Zones, the risk/reward ratio should be well abov
The Price Elevator indicator is developed to help you figure out the general long-term trend of the market. If the price is above the Green separator line, this is a clear indication the bulls are in control. Similarly, the bears are in control if the price continues to trend below the red separator line.   Download Price Elevator MT5   Trend Re-entry In this case you would plan your buy entries above the green dotted box (make sure to set the Buy / Sell Retracement Floor=30). The SL should be
Outside The Box MT4
Innovicient Limited
5 (2)
The   Outside The Box (OTB)   is a complete trading system that provides the user with immense trading ability by highlighting on the chart areas where the trader should prepare to Re-enter the trend after pullbacks (Pullback trading strategy) Take partial/complete profit(Profit taking strategy), and Trade breakouts (Stock breakout strategy) - We have updated the indicator to show/hide Micro breakout areas around the major breakouts (Micro Breakouts).  The above is supported by an alert system
Trend Support Resistance is a fairly simple indicator that provides traders with confirmed immediate support and resistance in whatever timeframe you monitor. It's good for short-term and long-term order blocks. With the default settings, the indicator identifies critical support and resistance areas. Bearish Order Blocks are around the OrangeRed areas while Bullish Order Blocks almost always form near the LawnGreen areas. We have also added a Multi-timeframe feature that can be helpful to allow
Essential Trader
Innovicient Limited
The Essential Trader indicator is more comfortable with whipsaw/ranging market conditions. It is not a complicated trading indicator and can be used on any timeframe with high level of confidence. Besides, it has notifications and alerts. The dotted essential points show spots where you can make immediate entries and benefit from breakout on either side of the region. On the other hand, the color filled points display reversal regions. These are important in that you can trade along the trend or
The Retracement Feeder  checks for retracement opportunities after the first move has occurred.  Basically it scans for the second wave of trend. Works with any financial instrument,  It does not repaint/change color or cancel arrows, Easy to set and use. Works great with Renko Charts MT4 version:  https://www.mql5.com/en/market/product/67443 How it works The indicator is based on RSI and Stochastics.  The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimize the t
Outside The Box
Innovicient Limited
The Outside The Box (OTB) is a complete trading system that provides the user with immense trading ability by highlighting on the chart areas where the trader should prepare to Re-enter the trend after pullbacks (Pullback trading strategy) Take partial/complete profit(Profit taking strategy), and Trade breakouts (Stock breakout strategy) - We have updated the indicator to show/hide Micro breakout areas around the major breakouts (Micro Breakouts).  The above is supported by an alert system to no
Hot Zones MT5
Innovicient Limited
This indicator simplifies your entry zones by displaying the areas where you can plan your entry that potentially could give you high risk/reward ratios. Other than picking the most optimal entry points, the Hot Zone indicator can act as your typical support/resistance indicator for pullbacks for all timeframes. You can use this indicator as the only trading indicator or use it with another indicator for reentry purposes.  Besides, when using Hot Zones, the risk/reward ratio should be well abov
Trend Guard MT5
Innovicient Limited
Bollinger Band is one if the most useful indicators if used properly. Trend Guard used the parameters based on Bollinger to create a tool that can help traders enter trades at most optimal level. The indicator is useful to all traders since it checks for retracements and changing trend direction. With this indicator, you get the opportunity to open trades early and also lock your profits based on the dotted trend lines that form after a certain level of Bollinger band. We have simplified the ind
Price Elevator
Innovicient Limited
The Price Elevator indicator is developed to help you figure out the general long-term trend of the market. If the price is above the Green separator line, this is a clear indication the bulls are in control. Similarly, the bears are in control if the price continues to trend below the red separator line.   Download Price Elevator MT4   Trend Re-entry In this case you would plan your buy entries above the green dotted box (make sure to set the Buy / Sell Retracement Floor=30). The SL should be
Trend Support Resistance is a fairly simple indicator that provides traders with confirmed immediate support and resistance in whatever timeframe you monitor. It's good for short-term and long-term order blocks. With the default settings, the indicator identifies critical support and resistance areas. Bearish Order Blocks are around the OrangeRed areas while Bullish Order Blocks almost always form near the LawnGreen areas. We have also added a Multi-timeframe feature that can be helpful to allow
The Essential Trader indicator is more   comfortable with whipsaw/ranging market conditions. It is not a complicated trading indicator and can be used on any timeframe with high level of confidence. Besides, it has notifications and alerts. The dotted essential points show spots where you can make immediate entries and benefit from breakout on either side of the region. On the other hand, the color filled points display reversal regions. These are important in that you can trade along the trend
Filtrele:
Mr Akin Kaewpunnil
262
Mr Akin Kaewpunnil 2022.07.30 04:51 
 

Superb

Innovicient Limited
8791
Geliştiriciden yanıt ALFRED MURIITHI 2022.07.30 11:26
Hello, Mr Akin. I appreciate your review 🙏.
İncelemeye yanıt
Sürüm 1.12 2022.08.11
typo correction
Sürüm 1.11 2022.07.29
Added Alerts
Added Triangle Reversal Zones
Sürüm 1.10 2022.03.25
Added a tip in the #description.