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OVER BOUGHT / OVER SOLD ALERT (OBOS) / DOLLAR INDEX

OVER BOUGHT / OVER SOLD ALERT (OBOS)

Alert for reversals & trends

Advantages: Alert can be set to any many timeframes. Alert gives a live signal during overbought & oversold market conditions for trend trading & reversals.

TradingView account needed: free

DESCRIPTION & HOW TO USE THE ALERT:

OBOS alert automatically finds live price levels where the market is overbought and oversold. When this occurs it shows a directional signal on the bottom of the chart.

A directional long/short alert can then be set from the indicator to give a live notification of changing market conditions.

These Support & Resistance levels are derived from the live price which means the indicator will give a new level once the previous level is broken.

By visually laying out OBOS levels on the bottom of the chart with red & green arrows, Over Bought / Over Sold alert allows Support & Resistance levels as well as trends to be identified.

Over Bought / Over Sold alert can be used alone for long/short signals or used as a visual aid to assist in identifying levels on the chart.

This alert will clearly highlight possible Trends and also Support & Resistance levels for any timeframe. The chart time can be adjusted in the input settings.

Over Bought / Over Sold alert allows easy determination of levels & trend direction than can assist in identifying trade entry, profit, target or reversal levels for chartists.

Disclaimer:
Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. CEO CODES, their members, shareholders, employees, agents, representatives and resellers do not warrant the completeness, accuracy or timeliness of the information supplied, and they shall not be liable for any loss or damages, consequential or otherwise, which may arise from the use or reliance of the CEO CODES service and its content. © 2015 CEO CODES

CEO CODES indicators are built for TradingView. CEO CODES is on no way a part of TradingView.

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