This New “OBOS ARROW ALERT” Indicator for MT4 Scans Any Pair & Any Timeframe, It will give give you powerful Arrow Alert Whenever the Market is Overbought or Oversold using YOUR Favorite Oscillator (RSi, Stochastic, RVi and Plus MA Cross)… It works with Binary, Forex, Indices, Cryto, etc…
You can select the Oscillator (RSi, RVi, Stochastic, plus MA Cross) that fits for you, or add it Multiple times on the chart with different Oscillator.
The relative strength index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.
The Relative Vigor Index (RVI) is a technical analysis indicator that measures the strength of a trend by comparing a security’s closing price to its trading range and smoothing the results. It’s based on the tendency for prices to close higher than they open in uptrends and to close lower than they open in downtrends.
What Is A Stochastic Oscillator?
A stochastic oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result. It is used to generate overbought and oversold trading signals, utilizing a 0-100 bounded range of values.
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