Description
Do you really need a bunch of squiggly lines on your screen to tell you if the market is in an overbought or oversold condition? This indicator will tell you at first glance and have you in or out of a trade much faster than any other oversold/overbought indicator. And in the trading business, sometimes milliseconds count.
Highlights:
Add to any chart or time frame
Paints on current bar
DOES NOT REPAINT several bars after the fact
Choose indicator on which to base OB/OS condition
Set indicator parameters to generate OB/OS condition
Pieter De Beer (verified owner) –
I started day trading with a different learning school. Most of our trading strategies we had to measure Overbought/ Oversold in order to manage risk. This indicator is absolutely great. No measurement anymore. The simple colour code around the OBOS bar tells you not to take a setup in a certain direction. Great Tool!!
Michael W –
5 stars
Mark –
4 stars
Alan R –
5 stars
Matthias –
4 stars
Christopher F –
5 stars
Graham K –
Vital for most trades
Bill M –
integral part of every trade
Eric I –
Very effective
Ralph L –
5 stars
John D –
5 stars
Carlton –
Another effective building block of this system.
Alex B –
5 stars
Eric I –
5 stars
Chris M –
5 stars
REGGIE B. –
Just started using it a couple days ago. So far it’s helpful, I like it.
Nancy R. –
Most valuable thing on my charts
Robert S –
critcal to my trading.
Bob R –
Novel way to save chart space. User configurable. Handy tool.
Abby –
Hugs and Kisses
Ralph L –
I don’t Bunt trade, but I use this indicator every day on every chart style I watch.
Andy R –
This is my most used indicator for all my triggers . My number one indicator
Sam F –
have it & use it within my trade plan
Don –
Great supporting indicator!
Trader Joe –
5 stars
Mike C –
Strong indication of time for a pullback.
Bill –
N/A
Keith F –
The Overbought/Oversold indicator is one of the best indicators I have ever seen. Very easy to see on the chart, no staring at multiple subgraphs on the chart. This has definitely added to my edge in trading!
John A –
5 Stars
SP –
excellent to give a trade set up confluence
Derek –
now I can see a possible pullback coming
John Vn –
My confirmation indicator
Mike –
I count on this indicator for graphical evidence of exhaustion.
Ibe –
5 Stars
William Calem –
5 Stars
Mark F –
Use this all day long for most of my setups.
Greg in Bend –
I have been trading with the IT indicators for over half a year now and the OBOS indicator has helped my trade setups unbelievably. I am a defensive trader and I can’t think of a trade that I took that did not have an OBOS condition along with the other setups I look for. Indespensible in my trade plan!
Mark H –
What I love about this indicator is it gives me the first indication that the market is running out of steam. I then start looking for my other IT indicators for a possible setup and if that happens then I take the trade if it is within my trade plan rules.