XTrendlessOS (trendless oscillator) – indicator MetaTrader 5

XTrendlessOS (trendless oscillator)
Real author: LenIFCHIK It is designed to evaluate the actual market overbought/oversold states.The indicator histogram bars change their color when its value exceeds or is equal to 60%, 80% and 100% of an overbought/oversold levels. Initially J. DiNapoli described the indicator as a linear chart, but, perhaps, its interpretation as a colored histogram, where crossing … Read more