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Overbought / Oversold (OBOS)

(38 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.

Category:

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

38 reviews for Overbought / Oversold (OBOS)

  1. 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!!

  2. Michael W –

    5 stars

  3. Mark –

    4 stars

  4. Alan R –

    5 stars

  5. Matthias –

    4 stars

  6. Christopher F –

    5 stars

  7. Graham K –

    Vital for most trades

  8. Bill M –

    integral part of every trade

  9. Eric I –

    Very effective

  10. Ralph L –

    5 stars

  11. John D –

    5 stars

  12. Carlton –

    Another effective building block of this system.

  13. Alex B –

    5 stars

  14. Eric I –

    5 stars

  15. Chris M –

    5 stars

  16. REGGIE B. –

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

  17. Nancy R. –

    Most valuable thing on my charts

  18. Robert S –

    critcal to my trading.

  19. Bob R –

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

  20. Abby –

    Hugs and Kisses

  21. Ralph L –

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

  22. Andy R –

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

  23. Sam F –

    have it & use it within my trade plan

  24. Don –

    Great supporting indicator!

  25. Trader Joe –

    5 stars

  26. Mike C –

    Strong indication of time for a pullback.

  27. Bill –

    N/A

  28. 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!

  29. John A –

    5 Stars

  30. SP –

    excellent to give a trade set up confluence

  31. Derek –

    now I can see a possible pullback coming

  32. John Vn –

    My confirmation indicator

  33. Mike –

    I count on this indicator for graphical evidence of exhaustion.

  34. Ibe –

    5 Stars

  35. William Calem –

    5 Stars

  36. Mark F –

    Use this all day long for most of my setups.

  37. 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!

  38. 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.

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©  2019 Second Brain Trading. Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial s ecurity or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothet ical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differen ces between hypothetical performance results and the actual results subsequently achieved by any particular trading program. O ne of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. I n ad dition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading pr ogram in spite of trading losses are material points which can also adversely affect actual trading results. T here are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully a ccounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Last updated December 19, 2017 Testimonials Example: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Live Trade Room Example: This presentation is for educational purposes only and the opinions expresse d are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account