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  1. #1
    Specialist Member marc's Avatar

    Overbought/Oversold !!!

    Which indicators gives OB/OS signals? ... (well, beside Stochastics, StochasticsRSI, Value Charts, and in some way RSI and Williams %R)

    Are there any 'exotic' indicators, which I might have not have heard of before?
    And which one do you prefer?

  2. #2
    Active Member rockettrader's Avatar
    Quote Originally Posted by marc View Post
    Which indicators gives OB/OS signals? ... (well, beside Stochastics, StochasticsRSI, Value Charts, and in some way RSI and Williams %R)

    Are there any 'exotic' indicators, which I might have not have heard of before?
    And which one do you prefer?
    There are many indicators and some of them are really exotic. Nice indicator for OB/OS is also the Bollinger bands, ADX is also a good indicator. Here is a short list of some of the most popular ones, but believe me there are hundreds of indicators, some of them are very new and based on very complex mathematics, like fourier transformation or spectrum deconvolution For them you could check the mt4 community.

  3. #3
    Specialist Member marc's Avatar
    Thanks for your answer rockettrader ... the link is very interesting ...

    But maybe I should ask more precise questions ... with 'exotic' I actually meant every thinkable version of the 'overbought/oversold concept' you know of ... beside the listed indicators in my first post ... on BB I forgot, though ...

  4. #4
    Senior Member raymond09's Avatar
    Bollinger Brands will support you to get Support and Resistance point. RSI, CSI and Scholastic indicators will help you to get the overbought and oversold signal. But I suggest you, never depend only on indicators. Make your own analysis indeed.

  5. #5
    Legendry Member milos's Avatar
    I have been using RSI and moving average for entry position. When this indicators showed overbought/oversold stage then the trend has been changed the direction.It is included Bollinger bands.

  6. #6
    Veteran Member Ammeo's Avatar
    RSI (18) is the best one in terms of OB/OS..

  7. #7
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    ... with 'exotic' I actually meant every thinkable version of the 'overbought/oversold concept' you know of ... beside the listed indicators in my first post ... on BB I forgot, though ...
    Triangular Moving Average.

  8. #8
    Legendry Member willyw's Avatar
    Quote Originally Posted by marc View Post
    Which indicators gives OB/OS signals? ... (well, beside Stochastics, StochasticsRSI, Value Charts, and in some way RSI and Williams %R)

    Are there any 'exotic' indicators, which I might have not have heard of before?
    And which one do you prefer?
    Marc, the indicators that you mention are good enough to identify OB/OS. Marc, besides OB/OS, divergence is another type of signals that you can look out for too.

  9. #9
    Specialist Member marc's Avatar
    Thanks for all the answers!
    And while I am at sqeezing out every drop of wisdom out of all the experts here:

    Which indicator would you use to identify ranging markets? Or even choppy markets?

  10. #10
    Master Member Bogdan G's Avatar
    Before the range starts or at the very beginning? That's an answer I really dont have, In fact, It is the only thing standing between me and a $H1Tload of money!!! I'm talking about millions of bucks! Please, please, if you find out how to identify a ranging market before it happens or immediately after, LET ME KNOW! PLEASE!
    After it happens...useless... and really easy to see with the naked eye.

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