Overbought and Oversold?

andrewh25

Junior member
21 0
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.
 

madasafish

Well-known member
470 5
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

Junior member
42 0
I use a refined MACD and STO which removes any daily noise.
 

Attachments

  • spy.bmp
    237.4 KB · Views: 403

BBB

Experienced member
1,071 3
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-known member
470 5
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!
 

Attachments

  • ob.gif
    ob.gif
    53.8 KB · Views: 1,102
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock