OBOS+
1. OBOS+ can be used on equities, futures, forex and crypto and also on different time frame (daily, weekly and hourly) as well, we advise only look for hourly chart or longer time frame.
2. The indicator is easy to use and indicate overbought or oversold.
3. Color :-
- GREEN column = oversold
- RED column = overbought
- YELLOW column = normal status
4. Lowest price of first yellow column after TURQUOISE column = support price
5. Highest price of first yellow column after RED column = resistance price
6. Two (2) alert conditions are set to notify when desired condition was triggered, i.e.
(1) Oversold broke (turquoise to yellow)
(2) Overbought broke (red to yellow)
2. The indicator is easy to use and indicate overbought or oversold.
3. Color :-
- GREEN column = oversold
- RED column = overbought
- YELLOW column = normal status
4. Lowest price of first yellow column after TURQUOISE column = support price
5. Highest price of first yellow column after RED column = resistance price
6. Two (2) alert conditions are set to notify when desired condition was triggered, i.e.
(1) Oversold broke (turquoise to yellow)
(2) Overbought broke (red to yellow)