Stochastic Expansion Metatrader 4 Indicator
The Stochastic Expansion indicator is a modificated version of the well know Stochastic Oscillator. It is being used to identify oversold and overbought levels.
BUY: In uptrends: Wait for the blue line to cross above the 0 level.
SELL: In downtrends: Wait for the red line to cross below the 0 level.
Use in conjunction with trend analysis indicators/tools to determine entry signals. (avoid ranging markets)
GBP/USD Daily Chart Example