Author: Khurram Mustafa
The Strength Arrow indicator is built on the principles of the Relative Strength Indicator. Its main purpose is to provide updates whenever a currency pair exits extreme oversold or overbought conditions.
While you can apply this indicator across any timeframe, I highly recommend using it on higher timeframes for the best results. I've tested it thoroughly, and I can confidently say it doesn't repaint.
I'm always on the lookout for improvements, especially regarding the repaint issue. If anyone has insights or solutions, I would greatly appreciate it!
This indicator generates buy or sell signals as arrows when the market crosses back from overbought or oversold levels. It’s a handy tool for traders looking to make informed decisions.
Recommendations:
- Apply this indicator on higher timeframes like H1, H4, D1, Weekly, or Monthly for optimal performance.
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