An oscillator that shows price changes and identifies areas of overbought and oversold. It can also show trend reversal points.
View of the indicator on the chart:
To add and customize this indicator, you need to open the Indicator Settings Window.
Drawing
BuyDots
Show zero values - display zero values.
Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.
Color - color choice.
Visual type - visual setting of the indicator display on the graph:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting up the type of line display:
- Dot
- Solid
- Dash
- Dash - dot
- Dash - dot - dot
Width - setting the thickness of the indicator line.
For SellDots, BullLine, BearLine settings are similar.
Common
Overbought - specify the value.
Oversold- specify value.
Average period - specify value.
Wave period - specify the value.
Sourse - Setting the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Misc
Show description of indicator
Lines
SellUp
Scale - if this option is enabled, the scale will be automatically calculated based on the minimum and maximum value of the indicator, so that the indicator would fit on the chart.
Color - color choice.
Line style - setting up the type of line display:
- Dot
- Solid
- Dash
- Dash - dott
- Dash - dot - dot
Width - setting the thickness of the indicator line.
Value - input value.
Text - input text.
For SellDown, BuyUp, BuyDown settings are similar.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article