Overbought / Oversold Indicators

[forexample]

First, I don't like to use these for buy/sell but more for confirmation when I see a signal. Also to consider exiting a trade. I know there are the usual RSI, CCI etc which I like but I wonder if anyone has an indicator which combines these to make more of an averages OBOS indicator, something like the pulse indicator at the bottom of this link

 

http://www.financial-spread-betting.com/Market-Indicators.html

 

Basically I am looking for one OBOS indicator to use to help confirm entry and exit points based on other conditions.

 

Your help and sharing is appreciated ^:)^

[osaze]

Re: Overbought / Oversold Indicators

 

Forex Forum > trading systems and strategies > TFX New Indicator

 

TFX OBOS Oscillator should be there ... this should help..... lol

[forexample]

Re: Overbought / Oversold Indicators

 

Forex Forum > trading systems and strategies > TFX New Indicator

 

TFX OBOS Oscillator should be there ... this should help..... lol

 

No-one here uses any of these? Above keywords go nowhere but for some crap paid system...I mean a real open source indicator.

[hockboon]

Re: Overbought / Oversold Indicators

 

TFX OBOS is quite a reliable indicator, combining with others like the TFX reversal, TFX pivot and TFX pivot pro, gives quite a resonable result.

 

I have tried comparing TFX OBOS with others like SMI (8,4,5,3), Stochastic (5,3,3). The signals given are quite similar.

 

I used it mainly on m5, sometimes on m15 or m30.

 

Just my 2 cents.

[forexample]

Re: Overbought / Oversold Indicators

 

Thank you for sharing your experience with this and thank you for the initial link. \m/