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.
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.
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.
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