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Hi Apprentice, can you get the signal for this indicator? (which, in my opinion, is underrated) Every time the bar will change color, “Buy” signal, “Neutral” signal and “Sell” signal. Also where can I find the signal for the Voltychannel_Stop? I downloaded it but it doesn’t work. Thanks for everything especially for your great work. Luigi!

Re: Overbought/Oversold Indicator

Apprentice · Fri Apr 29, 2011 6:00 am

Your request has been added to developmental cue.

Re: Overbought/Oversold Indicator

Apprentice · Fri Apr 29, 2011 6:02 am

Voltychannel_Stop Strategy can be found here. viewtopic.php?f=31&t=2208&hilit=Voltychannel_Stop Voltychannel_Stop Signal can be found here. viewtopic.php?f=29&t=1061

Re: Overbought/Oversold Indicator

RJH501 · Fri Aug 17, 2012 2:51 pm

Hello Apprentice,

Would you or one of your collegues please develop a strategy using the OBOS indicator.

Buy = on a change from Overbought to Buy indicator candle Sell = on a change from Oversold to Sell indicator candle

Also include:

Price Type & Time Frame
Time of Day to open and close the strategy
- Start time for trading
- Stop time for trading
- Use mandatory closing
- Mandatory closing time
- Valid interval for operation
OBOS Price Source & Period
Type of Signal
Trading Parameters:
- Allow strategy to trade
- Allowed side
- Allow multiple
- Account to trade
- Trade amount in lots
- Set limit order
- Limit order in pips
- Set stop orders
- Stop order pips
- Trailing stop order
Alerts:
- Show alert
- Play sound
- Sound file
- Reccurant sound
- Send email
- Email

Thanks in advance!!

RJH

Re: Overbought/Oversold Indicator

RJH501 · Fri Aug 17, 2012 3:14 pm

Hello Apprentice;

Would you add three horizontal lines on the OBOS indicator and their value:

Default values would be:

1 line at 100 1 line at -100 1 line at 0 (zero)

User should have ability to select line width, style and color.

These changes will make the indicator a bit mor usefull.

Thanks in advance!

RJH

Re: Overbought/Oversold Indicator

RJH501 · Fri Aug 17, 2012 3:25 pm

Hello Apprentice;

Regarding my previous post on developing a strategy for this indicator:

Buy = 2 or more Oversold candles change to Buy candle Sell = 2 or more Overbought candles change to Sell candle

This is needed to filter out a few false or uneeded trades caused when a single overbought/oversold candle appears in a trend.

Thank you!

RJH

Re: Overbought/Oversold Indicator

RJH501 · Sat Aug 18, 2012 9:33 am

Hello Apprentice;

My apologies for making an additional change to the buy/sell signal. After reviewing the indicator at several periods on severall time frames it became apparent that buy and sell with the overbought/oversold candles will give too many false signals.

A better approach would be to use the horizontal lines 0, 100, & -100 (or whatever the user selects as overbought/oversold) to create the buy and sell signal.

For Example:

Buy signal one could occur when Green candle crosses overbought line up. Buy signal two could occur when Green candle crosses center line up. Buy signal three could occur when Green candle crosses oversold line up.

Sell signal one could occur when Red candle crooses oversold line down. Sell signal two could occur when Red candle crosses center line down. Sell signal three could occur when Red candle crosses oversold line down.

I will follow up with a graphical view later today.

Thank you for your assitance and consideration.

RJH

Re: Overbought/Oversold Indicator

Apprentice · Mon Aug 20, 2012 2:13 am

Your request is added to the development list.

Re: Overbought/Oversold Indicator

elsigis · Mon Aug 20, 2012 7:27 am

This is a great indicator! I discovered that one can use the longer term period settings of 10 and above for swing or trend trading and the shorter term periods, 3 to 9 for scalping. Could could you include a line at the 0.00 point so that when momentum/trend shifts to the upside or downside it would be obvious. Thanks.

Re: Overbought/Oversold Indicator

Apprentice · Wed Aug 22, 2012 2:05 am

Your request is added to the development list.

Re: Overbought/Oversold Indicator

Alexander.Gettinger · Thu Sep 06, 2012 2:58 pm

elsigis wrote: This is a great indicator! I discovered that one can use the longer term period settings of 10 and above for swing or trend trading and the shorter term periods, 3 to 9 for scalping. Could could you include a line at the 0.00 point so that when momentum/trend shifts to the upside or downside it would be obvious. Thanks.

Please, see this version of indicator.

Download:

OBOS_with_zero_line.lua

Re: Overbought/Oversold Indicator

Alexander.Gettinger · Thu Sep 06, 2012 3:07 pm

MQL4 version of this indicator: viewtopic.php?f=38&t=23087

Re: Overbought/Oversold Indicator

southflm11 · Thu Aug 21, 2014 12:57 pm

Apprentice, This Newer Overbought and Oversold Indicator would be a good Strategy. I have had it on many chart’s and timeframes and looks really good on the 4 hour chart will include a pic .would it be possible to have it go long when it turns green and it will stay in the trade till it turns red and then it will go short .The blue won’t have any affect . Mark

Re: Overbought/Oversold Indicator

Apprentice · Fri Aug 22, 2014 4:48 am

Requested can be found here. viewtopic.php?f=31&t=61064

Re: Overbought/Oversold Indicator

Apprentice · Wed Apr 08, 2015 9:38 am

OBOS Overlay.lua Added.

Re: Overbought/Oversold Indicator

7510109079 · Wed Apr 08, 2015 12:52 pm

many thanks for the rapid response Apprentice!

Re: Overbought/Oversold Indicator

amerado121 · Tue Aug 25, 2015 10:18 am

Hi Apprentice, great work on the indicator! Is it possible to have alerts made on the +100 and -100 marks.

Re: Overbought/Oversold Indicator

Apprentice · Mon Nov 09, 2015 7:46 am

“Use Source Color” added to OBOS.lua

Re: Overbought/Oversold Indicator

jrichardson83 · Mon Nov 09, 2015 1:44 pm

I think another user asked for this, but can we add user definable additional levels? For example, I would like to see horizontal lines at +/- 50 and 100.

Re: Overbought/Oversold Indicator

Apprentice · Tue Nov 10, 2015 1:28 pm

OB/OS Lines Added.

Re: Overbought/Oversold Indicator

gpfd1985 · Wed Nov 18, 2015 5:00 pm

Hey guys another great indicator. One small request, can you add an alert (email or Text alert ) when the color goes to the first blue, either after being overbought or oversold. Thank you very much

Re: Overbought/Oversold Indicator

Apprentice · Tue Nov 24, 2015 7:17 am

OBOS Overlay with Alert.lua added

Re: Overbought/Oversold Indicator

Segwin · Wed Mar 23, 2016 2:56 pm

Hello Apprentice,

Is it possible to add an alert to the OBOS.LUA without the overlay? I like to look at plain candles without coloring them.

If that’s possible thanks.

Terry

Re: Overbought/Oversold Indicator

Apprentice · Thu Mar 24, 2016 4:30 am

Show OB/OS Colouring option added to OBOS Overlay with Alert.lua

Re: Overbought/Oversold Indicator

Apprentice · Tue Apr 18, 2017 9:17 am

Indicator was revised and updated.

Re: Overbought/Oversold Indicator

standup · Thu Jan 25, 2018 9:37 pm

Hello Apprentice: Would you change the “OBOS Overlay with Alert.lua” to “OBOS Overlay with Alert.mq4”? Thanks in advance!

Re: Overbought/Oversold Indicator

standup · Thu Jan 25, 2018 9:40 pm

Apprentice wrote:

OBOS.png

OBOS.lua

OBOS Indicator.lua

OBOS Overlay.png

OBOS Overlay.lua

OBOS Overlay with Alert.lua

Hello Apprentice,

Would you change the “OBOS Overlay with Alert.lua” to”OBOS Overlay with Alert.mq4”? Thanks in advance!!

Re: Overbought/Oversold Indicator

standup · Fri Jan 26, 2018 9:23 am

Hello Apprentice,

Would you rewrite the ““OBOS OVERLAY WITH ALERT” to run in the MT4 soft? Thanks in advance!!

Re: Overbought/Oversold Indicator

Apprentice · Fri Jan 26, 2018 11:52 am

Your request is added to the development list under Id Number 4026

Re: Overbought/Oversold Indicator

Apprentice · Tue Jan 30, 2018 11:41 am

Try this version. viewtopic.php?f=38&t=65682&p=117354#p117354

Re: Overbought/Oversold Indicator

Apprentice · Wed Feb 21, 2018 8:01 am

The Indicator was revised and updated.

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