What is this indicator?
Transforms price into a distribution close to normal so price reversal points show up more clearly and sharply. Its signal-line crossover often appears earlier than typical oscillators.
How to read the chart
The indicator moving toward the ends of its range usually signals overbought or oversold conditions; a divergence between price and the indicator is also considered an important signal.
Practical tip
Instead of trading purely off reaching an overbought or oversold zone, first check the overall trend on a higher timeframe and only take signals that align with it.