ASCTrendCycle indicator oscillates between +110 and 0. Extreme trading values: +110 is considered to be overbought while 0 oversold (see chart). Use in conjunction with trending indicators to generate more accurate trading signals in the overall direction of the trend.
Download link: Click here to download the ASCTrendCycle.ex4 indicator
ASCTrendCycle Indicator Chart Example (EURUSD H1)
Platform: Metatrader 4
Indicator type: Trading oscillator