Overbought/Oversold Indicator

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Overbought/Oversold Indicator

Postby Apprentice » Thu Mar 07, 2013 4:19 pm

ob.png

The Overbought/Oversold ("OB/OS") indicator is a market breadth indicator based on the smoothed difference between advancing and declining currency pairs against the base currency.

As with all OB/OS-type indicators, extreme readings may be a sign of a change in investor expectations and may not be followed by the expected correction.

OBOS.lua
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Re: Overbought/Oversold Indicator

Postby Blackcat2 » Thu Mar 07, 2013 5:13 pm

What is the overbought and oversold values? Can it be customised?

Cheers..
BC
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Re: Overbought/Oversold Indicator

Postby Apprentice » Thu Mar 07, 2013 6:23 pm

Not really. I add an additional parameter. Please update.
It seems 20 percent of total number of istruments is a good start.
OB / OS level can vary depending on the number of Instruments included in the calculation.
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Re: Overbought/Oversold Indicator

Postby Apprentice » Wed May 03, 2017 2:47 pm

Indicator was revised and updated.
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Re: Overbought/Oversold Indicator

Postby xyz1453 » Fri May 05, 2017 9:10 pm

Hi,
Is the mql4 version of this indi available?
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Re: Overbought/Oversold Indicator

Postby Apprentice » Sat May 06, 2017 3:59 am

No.


Your request is added to the development list, Under Id Number 3795
If someone is interested to do this task, please contact me.
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Re: Overbought/Oversold Indicator

Postby Alexander.Gettinger » Wed Aug 16, 2017 5:14 pm

xyz1453 wrote:Hi,
Is the mql4 version of this indi available?


Yes.
Try this: viewtopic.php?f=38&t=23087&p=39787
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Re: Overbought/Oversold Indicator

Postby Apprentice » Wed Feb 21, 2018 6:09 am

The Indicator was revised and updated.
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