Overbought / Oversold (OBOS)

Overbought / Oversold (OBOS)

Rated 4.96 out of 5 based on 24 customer ratings
(24 customer reviews)

$225.00

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.

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

24 reviews for Overbought / Oversold (OBOS)

  1. Rated 5 out of 5

    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.

  2. Rated 5 out of 5

    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!

  3. Rated 5 out of 5

    Mark F

    Use this all day long for most of my setups.

  4. Rated 5 out of 5

    William Calem

    5 Stars

  5. Rated 5 out of 5

    Ibe

    5 Stars

  6. Rated 5 out of 5

    Mike

    I count on this indicator for graphical evidence of exhaustion.

  7. Rated 5 out of 5

    John Vn

    My confirmation indicator

  8. Rated 5 out of 5

    Derek

    now I can see a possible pullback coming

  9. Rated 5 out of 5

    SP

    excellent to give a trade set up confluence

  10. Rated 5 out of 5

    John A

    5 Stars

  11. Rated 5 out of 5

    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!

  12. Rated 5 out of 5

    Bill

    N/A

  13. Rated 5 out of 5

    Mike C

    Strong indication of time for a pullback.

  14. Rated 5 out of 5

    Trader Joe

    5 stars

  15. Rated 5 out of 5

    Don

    Great supporting indicator!

  16. Rated 5 out of 5

    Sam F

    have it & use it within my trade plan

  17. Rated 5 out of 5

    Andy R

    This is my most used indicator for all my triggers . My number one indicator

  18. Rated 5 out of 5

    Ralph L

    I don’t Bunt trade, but I use this indicator every day on every chart style I watch.

  19. Rated 5 out of 5

    Abby

    Hugs and Kisses

  20. Rated 5 out of 5

    Bob R

    Novel way to save chart space. User configurable. Handy tool.

  21. Rated 5 out of 5

    Robert S

    critcal to my trading.

  22. Rated 5 out of 5

    Nancy R.

    Most valuable thing on my charts

  23. Rated 4 out of 5

    REGGIE B.

    Just started using it a couple days ago. So far it’s helpful, I like it.

  24. Rated 5 out of 5

    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!!

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