Overbought/Oversold Indicator

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Re: Overbought/Oversold Indicator

Postby Apprentice » Mon Aug 20, 2012 2:13 am

Your request is added to the development list.
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Re: Overbought/Oversold Indicator

Postby elsigis » Mon Aug 20, 2012 7:27 am

This is a great indicator!
I discovered that one can use the longer term period settings of 10 and above for swing or trend trading and the shorter term periods, 3 to 9 for scalping.
Could could you include a line at the 0.00 point so that when momentum/trend shifts to the upside or downside it would be obvious.
Thanks.
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Re: Overbought/Oversold Indicator

Postby Apprentice » Wed Aug 22, 2012 2:05 am

Your request is added to the development list.
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Re: Overbought/Oversold Indicator

Postby Alexander.Gettinger » Thu Sep 06, 2012 2:58 pm

elsigis wrote:This is a great indicator!
I discovered that one can use the longer term period settings of 10 and above for swing or trend trading and the shorter term periods, 3 to 9 for scalping.
Could could you include a line at the 0.00 point so that when momentum/trend shifts to the upside or downside it would be obvious.
Thanks.


Please, see this version of indicator.

OBOS0.PNG


Download:
OBOS_with_zero_line.lua
(4.64 KiB) Downloaded 1486 times
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Re: Overbought/Oversold Indicator

Postby Alexander.Gettinger » Thu Sep 06, 2012 3:07 pm

MQL4 version of this indicator: viewtopic.php?f=38&t=23087
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Re: Overbought/Oversold Indicator

Postby southflm11 » Thu Aug 21, 2014 12:57 pm

Apprentice, This Newer Overbought and Oversold Indicator would be a good Strategy. I have had it on many chart's and timeframes and looks really good on the 4 hour chart will include a pic .would it be possible to have it go long when it turns green and it will stay in the trade till it turns red and then it will go short .The blue won't have any affect .
Mark
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Re: Overbought/Oversold Indicator

Postby 7510109079 » Wed Apr 08, 2015 12:52 pm

many thanks for the rapid response Apprentice!
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Re: Overbought/Oversold Indicator

Postby amerado121 » Tue Aug 25, 2015 10:18 am

Hi Apprentice, great work on the indicator!
Is it possible to have alerts made on the +100 and -100 marks.
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