“Use of an oscillatory indicator ” by trader comite24 — published October 26, 2018 — TradingView

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.

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