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Thread: Short-term OB/OS indicator

  1. #1

    Short-term OB/OS indicator

    Pascal,

    A few days ago you responded to an inquiry about how you calculated a short-term OB/OS indicator. Is this something you could put in graphical format and post daily on the site?

    Thanks,

    Adam

  2. #2
    Join Date
    Dec 1969
    Location
    Western Pennsylvania Outside of Pittsburgh
    Posts
    6
    The Overbought/Oversold Indicator is posted daily. It is the third box (scrolling down) under "20D MF".

  3. #3

    OB/OS indicator

    Dallas,

    I believe this is a longer term indicator. I'm referring to a much shorter OB/OS indicator that Pascal described last week.

    Adam

  4. #4

    ST OB/OS Indicator

    This is the description as provided by Pascal last week:

    The IWM robot uses a combination of the 5D price average and the TEV extension above or below its average.

    These two elements must be put in the context of a weak bounce within a 20DMF short signal.
    Therefore, IWM was overbought in such a context. If we had been in a LT buy signal, then this short term signal would not have been overbought at all.

    Pascal, are we now in a ST overbought condition?

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