Use of an oscillatory indicator

2018年10月27日

Here we can see in one day candles the use an oscillatory indicator, in this case Williams%, reading that indicator we can now when the price of this currency is either in a overbought or oversold state. In orange color we can see the overbought states and in green color we can see oversold states also in pink color is a line that mark the middle point of the chart because it is useful to confirm tendencies.