MT5 Overbought/Oversold Indicators with Zones & Levels

MT5 Overbought/Oversold Indicators with Zones & Levels

by The Specialist -
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Obos Indicator

Obos Indicator for MT5

The Obos Indicator, also known as the OBOS (Overbought/Oversold) Indicator, typically consists of two main parts: the overbought and oversold levels, often set at 70 and 30, respectively. It helps traders identify potential reversal points in the market by signaling when an asset may be overbought (suggesting a potential drop) or oversold (suggesting a potential rise). Traders typically enter long positions when the indicator drops below 30 and starts rising, while they might consider short positions when it exceeds 70 and begins to decline. Proper risk management and confirmation from other indicators are essential when using the OBOS Indicator for making trade entries.

Overbought/Oversold Indicators for MT5

by The Specialist -

Swing Line Binary Indicator

Swing Line Binary Indicator for MT5

The Swing Line Binary Indicator is a popular tool used in technical analysis to identify potential overbought or oversold conditions in the financial markets. It usually consists of a single line that tracks price fluctuations, in a bottom window that shows overbought and oversold thresholds, often using standard levels such as +1 for overbought and -1 for oversold. Traders can take advantage of this indicator by observing the position of the line relative to these thresholds: values above +1 indicate overbought conditions, while values below -1 indicate oversold conditions. This setup helps make informed trading decisions by highlighting potential reversal points in the price trend.