Overbought and Oversold?

andrewh25

Junior member
Messages
21
Likes
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.
 
John Bollinger himself advises his students on the use of RSI ..

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

Attachments

  • spy.bmp
    237.4 KB · Views: 447
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
 
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: 1,148
MADF
Twas ever thus with OBOS indicators!

ps your use of colour is most ingenious ;) ;)
 
Top