Overbought /oversold Indicators

[sinaga]

Dear you can use the these type of indicators to take a decision but please do not only realy on one indicator of you found that the same signal from 2 or more indicators then please only then take your decision. And try do some other analysis.

yes, you are correct my friend. to find out overbougt / oversold, we can not use just one indicator. we need to confirm with other indicators. we can use MACD, RSI, and maybe we need to add fibonachi. possible to use it can help to make profits in trading.

[naziafarhan]

Dear you can use the these type of indicators to take a decision but please do not only realy on one indicator of you found that the same signal from 2 or more indicators then please only then take your decision. And try do some other analysis.

[scorpian7]

For identifying overbought or oversold condition I always use Relative strength Index which is widely popular in trading arena and it has shown very effective results. The second indicator which also give you an indication along with momentum is Bollinger Band . I trade on both the indicators and becomes highly successful.

[sasa0220]

I'm using RSI to identify market overbought and oversold situations , CCI can also be used for that. When the RSI is above 70 it is said that market is overbought and when RSI<30 it is said that market is oversold. you can buy when the RSI line crosses the 30 level from the below and sell when the RSI line cross from the above of 70 level

[vineet]

Overbought and oversold indicators can help you market condition. I also use some overbought and oversold indicators.
I use RSI 20 and 80 point indicator, stochastic, MACD and CCI this indicators is very helpful indicators. I use my trade and i use this indicator with my all time frame.
I think it will help you also.

[sinaga]

to identify overbought or oversold price I use indicators RSI with the setting 20.50.80. or it could be using the indicator StohasticOs. It is pretty easy to identify price with this indicator. I suggest using a large order signal timeframe given is not false

[xiaotanghao]

How about your Overbought /oversold Indicators now?Have you benefited so much from them?I do not think it can be a very good idea for us to trade with your indcators there.You see,sometime the trend will still stay in the Overbought /oversold area for so long time.We can not manage when we enter the market.

[ishvara]

There are many OB and OS indicators, here are three good ones :

1) Stochastic.
2) Commodity channel Index.
3) True strength index.
4) Relative strength index.
ETC.

[amit]

Overbought and oversold indicators can help you market condition. I also use some overbought and oversold indicators.
I use RSI 20 and 80 point indicator, stochastic, MACD and CCI this indicators is very helpful indicators. I use my trade and i use this indicator with my all time frame.
I think it will help you also.

[m3x_19]

I am planing to use a overbought/oversold indicator to assist me in decision making in trading. At present i started to use Williams percentage indicator and learning this one. Can you share here which indicator is best for deciding the overbought / oversold condition.

There are many indicators which can help us to determine the overbought and oversold area. The most common indicators to determine the overbought and oversold area is stochastic oscillator, but you can also use Relative Strength Index, Momentum, Willams percentage, etc. But i found these indicator often give a wrong signal. So to avoid this, consider to use another indicator for the filter.