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.
- 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
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.
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 F –
Use this all day long for most of my setups.
William Calem –
I count on this indicator for graphical evidence of exhaustion.
John Vn –
My confirmation indicator
now I can see a possible pullback coming
excellent to give a trade set up confluence
John 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!
Mike C –
Strong indication of time for a pullback.
Trader Joe –
Great supporting indicator!
Sam F –
have it & use it within my trade plan
Andy R –
This is my most used indicator for all my triggers . My number one indicator
Ralph L –
I don’t Bunt trade, but I use this indicator every day on every chart style I watch.
Hugs and Kisses
Bob R –
Novel way to save chart space. User configurable. Handy tool.
Robert S –
critcal to my trading.
Nancy R. –
Most valuable thing on my charts
REGGIE B. –
Just started using it a couple days ago. So far it’s helpful, I like it.
Chris M –
Eric I –
Alex B –
Another effective building block of this system.
John D –
Ralph L –
Eric I –
Bill M –
integral part of every trade
Graham K –
Vital for most trades
Christopher F –
Alan R –
Michael W –
Pieter De Beer –
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!!