PC – indicator for MetaTrader 5

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category:MT5 INDICATORS

Price Cycle oscillator.

It has four input parameters:

  • Period - calculation period;
  • Method - calculation method;
  • Overbought - overbought level;
  • Oversold - oversold level.

Calculations:

PC = MA(Close-Low) / ATR
When the indicator line moves beyond the daily overbought/oversold level and the price approaches to the extreme monthly ranges, we can consider it is time to buy/sell.

PC - indicator for MetaTrader 5

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