MT4 Overbought And Oversold Indicator For MT4 1.0

The Overbought and Oversold Forex Indicator is a free and popular tool for MT4 that can be used to identify potential entry and exit points in the Forex market. It is a useful technical indicator that allows traders to identify when the market is overbought or oversold. The indicator works by comparing the current price to the previous day’s closing price and then plotting a line on the chart. If the line is above the previous day’s closing price, it is considered overbought, and if it is below the previous day’s closing price, it is considered oversold. It is a useful tool for traders of all levels, and can be used in combination with other indicators to create a more comprehensive strategy.