Overbought and Oversold?

[andrewh25]

Can someone please advise on an indicator which compliments the bollinger band? I am looking for confirmation that a stock is oversold / bought other than bollinger.

Thank you
Andrew.

 

[Grey1]

John Bollinger himself advises his students on the use of RSI ..

God bless him

 

[madasafish]

Really these terms are somewaht confusing: a share/index in a trend just just keep going .. look at S&P 500 for past 3 months...

Retracements are normal hence OB/OS) but not essential

 

[nomish]

I use a refined MACD and STO which removes any daily noise.

 

[BBB]

Jonny Bands also suggested volume indicators such as MFI and OBV

Although Mad ass fish is right in some ways, that is why the BB were created. They give ob/os signals relative to the instrument. eg a high out side the bands followed by a higher high inside the bands shows the price is ob

 

[madasafish]

well here is RS from last nite and stochastics ( 2 different periods in 1st winodw.. green lines) They say OB all ime and it keeps going up!

 

[Rognvald]

MADF
Twas ever thus with OBOS indicators!

ps your use of colour is most ingenious