An oscillator that shows price changes and identifies areas of overbought and oversold. It can also show trend reversal points.
WaveTrend Oscillator is a port of a famous TS /MT indicator.
When the oscillator is above the overbought band (red lines) and crosses down the signal (solid line), it is usually a good SELL signal. Similarly, when the oscillator crosses above the signal when below the Oversold band (green lines), it is a good BUY signal.
Good luck.
