
STO JMA Indicator
Platform: MT4 Type: Oscillator Last update: October 19, 2024The STO JMA Indicator for MT4 is a custom forex oscillator. Like all oscillators, this one also shows overbought and oversold market levels.
When that signal line reaches below 20 level, it means the price is oversold and you should be looking for a buy trade opportunity. Similarly, when the oscillator line reaches above 80 level, it means the price is overbought and you should be looking for a sell trade opportunity. Take profit target could be an opposite extreme level.
Example chart:
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