4060
4060 serves the purpose of identifying overbought and oversold market conditions within any
given segment. A market is considered oversold when the indicator falls below the 40 level.
Conversely, a market is regarded as overbought when the indicator rises above the 60 level.
The significant advantage of this indicator lies in its capability to autonomously draw trendlines.
This feature aids in predicting potential market reversals.
During trading, it proves highly beneficial by not only pinpointing targets through drawn
trendlines but also by aiding in the prediction of market volatility timing. No specific rules, simply
trade on signals.
given segment. A market is considered oversold when the indicator falls below the 40 level.
Conversely, a market is regarded as overbought when the indicator rises above the 60 level.
The significant advantage of this indicator lies in its capability to autonomously draw trendlines.
This feature aids in predicting potential market reversals.
During trading, it proves highly beneficial by not only pinpointing targets through drawn
trendlines but also by aiding in the prediction of market volatility timing. No specific rules, simply
trade on signals.