ceyhun

Overbought Oversold Indicator

Overbought Oversold Indicator
Release Notes: bugs fixed
Release Notes: bugs fixed
Release Notes: bugs fixed

Green Buy
Red Sell
Yellow there will be change

Buy = crossover(up, down)
Sell = crossunder(up, down)

or

Below and above 0 trends can be viewed
Release Notes: fix
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Great script x2
500 coins
Reply
Great script
500 coins
Reply
ceyhun gerry55
@gerry55, thanks
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Thank you sir, I love this indicator. What does the "zero" line represent? There can be buy or sell orders on either side of it, so what does it mean when it goes above/below this line? Thank you.
+6 Reply
Does it repaints??
+4 Reply
today saw stratgy and try but , what i feel today ?. i feel relax after months , thank u brother for making this thing
+1 Reply
It looks great -thank you!
+1 Reply
How would I convert your indicator into a strategy? It will help me a lot if I could do some backtesting.
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I'm using this daily. This really helps me alot as newbie
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@wYkeho, hi, what setting you are using, the default is 5..
+1 Reply