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I created the attached indicator which simply places a red down arrow above the current price bar on your chart when a pre-defined symbol reaches a pre-defined overbought level and a green up arrow below the current price bar on your chart when this indicator reaches a pre-defined oversold level.
As a stock index futures trader, I created this indicator so that you can keep your eye on your primary chart but still find out when the $TICK (or whichever symbol you choose) reaches an overbought or oversold level without having to take your focus off your chart. Maintaining your focus is critical if you're a scalper.
It's a simple indicator but any feedback would be appreciated.
As a stock index futures trader, I created this indicator so that you can keep your eye on your primary chart but still find out when the $TICK (or whichever symbol you choose) reaches an overbought or oversold level without having to take your focus off your chart. Maintaining your focus is critical if you're a scalper.
It's a simple indicator but any feedback would be appreciated.