How to use moving average of oscillator?

[oceanmen]

Hi, I already searched at Google, but I can’t find any single resource teaching how to use this tool properly. In the tradimo website, it says that when the oscillator approaches the upper extremes of the indicator, it shows that the asset could be overbought. When I insert this indicator into my MT4, I didn’t see the upper extremes line. How can I plot this line?

Hello Azlan

MT4 does not have this feature yet other platforms do. What you can do in mt4 is just use MACD or Stochastocs or if you want a MA for the RSI apply it on the Median price/ Weighted price or Typical close, which will create a mini MA for RSI (using Highs/Lows/Close as it main parameters) adjusting your time frame in line with your needed parameters.

Another option is just draw trend lines on RSI (adjusting your time frame in line with your needed parameters.)