Market Extremes Indicator

1. Overview The Market extremes indicator will tell you when multiple exchanges (NYSE, Dow Jones, and Nasdaq) are overbought or oversold. When multiple markets are overbought/sold at the same time we have a very high chance of seeing a reversal or bigger retracements. This indicator will show (and alert) you in real-time when 2 or more exchanges become overbought/sold. By combining the overbought/sold signal with other signals (e.g. RSI, MACD, or S&R levels) you get very high probability entries  2. Settings You can use the indicator in auto mode or manual mode. In Auto Mode, the indicator will calculate the standard deviation of all 3 markets and will give you a signal when 2 or more exchanges are overbought/sold.  In manual mode, you define the extreme levels for the NYSE, Dow, and Nasdaq yourself   2.1 Using Auto mode / Standard Deviation  This standard deviation period specifies the number of bars used to calculate the standard deviation. Depending on your timeframe we suggest