The Vostro indicator determines the overbought zones (value greater than +80) and the oversold zones (less than the -80 level)
BUY signal: The Vostro curve moves below the -80 level and forms a trough – Turnaround of the upward trend
SELL signal: The Vostro curve moves above the +80 level and forms a peak – Downward trend
Here's the link to a complete list of all my indicators:
Yazar: KıvanÇ @fr3762 twitter
Şimdiye kadar paylaştığım indikatörlerin tam listesi için: https://t.co/S1BKCefdp9?amp=1
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.