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OBOS Overbought Oversold indicator for MT4

OBOS indicator

OBOS Indicator is an exclusive indicator to spot entries based on price action.
The OBOS Indicator is both effective and user friendly.
Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache.
The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information.

Inputs of the indicator are:
  • MaxBars: number of bars to display in your chart
  • Smoothing period: number of bars to be used for indicator calculations
Trading rules:
  • wait for the indicator to give you an overbought or oversold signal (usually blue and magenta bars)
  • once signal comes out, wait for price to calm down (small bar or no bar in the indicator)
  • enter in the market with a SELL or BUY order

Please look at the screenshots attached for examples of entries applying the rules given above.
The indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator works fine with any time frame.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicators are developed both for MT4 and MT5.

List of all our indicators:
👉  You can get the complete list of our indicators visiting our profile page.

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Indicador Th3Eng PipFinite PRO Este producto se diferencia de Th3Eng PipFinite Original, utilizando una lógica y algoritmos diferentes. El indicador Th3Eng PipFinite Pro analiza las direcciones de tendencia utilizando algoritmos personalizados. Muestra la dirección de la tendencia, puntos de entrada, un punto de stop loss y tres puntos de take profit. El indicador también muestra puntos de pivote, canales dinámicos de soporte y resistencia y una caja lateral con información detallada sobre la s
This Indicator does not repaint itself at all, it's identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data and therefore the moment in which prices have strong probability of following a new TREND. CandleBarColorate never misses a beat, he always identifies a new TREND in the bud without error. This indicator facilitates the reading of charts on METATRADER; on a single wi
Chan
Zhao Ming Liu
缠中说禅在MT4的应用,该指标自动识别分型,划笔,划线段,显示笔中枢,线段中枢,也可以根据需求在参数中设置显示自己所需要的。 1.笔采用条件较为宽松的新笔。 2.当前分型与前面分型不能构成笔时,若与前面笔同向且创新高或新底时会延伸笔,若与前面笔异向且符合替换条件则去除倒数第一笔,直接倒数第二笔。 3.线段的终结第一类情况:缺口封闭,再次创新高或新底新低,则判为终结,同时破坏那一笔的右侧考虑特征序列包含。 4.线段终结的第二类情况,缺口未封闭,考虑后一段特征序列分型出现新的顶底分型,同时做了包含处理。 5.中枢必须有退出段才进行显示,中枢的进入段和退出段必须同向。 中枢的进入段起始点 ( 上下上结构的) 必须高于GG,或( 下上下结构的)必须 低于DD; 中枢的退出段结束点 (下上下结构的) 必须高于GG,或 (上下上结构的)  必须低于DD。
Weis Wave with Alert
Trade The Volume Waves Single Member P.C.
4.79 (19)
Rental/Lifetime Package Options and Privileges' * For optimum results the yearly or lifetime package is suggested due to live training and Discord  channel trading with the  creator! Rent Monthly Six Months   Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual  x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool      x Discord Access Channel "The SI traders" x 2-hour live methodology traini
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Versión 1.50 2023.07.02
New compilation