This forex indicator is intended to assess the real overbought / oversold market.
Bars represent the indicator changes color when its value becomes greater than or equal to 60%, 80% and 100% level of overbought / oversold levels.
. Initially, D. DiNapoli describes precisely a line graph of the indicator, but in my opinion, the interpretation of a color histogram, where the intersection of one of the critical levels to change color column, more clearly. Although, for the more conservative users, I have written in the configuration change of the type "histogram / graph.
Strategies that use this indicator can be found in the book Joe DiNapoli "Trading with DiNapoli levels".
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