Author: Victor Chebotariov
Meet Yaanna, the go-to indicator for spotting overbought and oversold conditions in the market.
How to Use Yaanna
Yaanna serves as a confirmation tool, so it's best used to verify your main trading signals.
- When the Yaanna value rises above 100, it's a signal to sell or close your long positions.
- Conversely, if the indicator drops below 0, consider buying or closing your short positions.
Keep in mind that, like many indicators, the overbought and oversold signals can suggest a trend is in play. However, it's crucial to assess the broader market conditions as well.
The code for Yaanna was published in the Code Base on March 26, 2009.
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