Overbought/oversold readings?

 

Does anybody know which indicator has good overbought / oversold readings?

Thanks!

 

RSI?

 
FXHound:
Does anybody know which indicator has good overbought / oversold readings? Thanks!

I have been looking for something similiar and so far it seems Stochastics can do what I want

 

Anybody could share some overbought/sold indy?

 

I have seen a number of people using the Williams %R indicator to help determine overbought and oversold levels. Here’s a screenshot of the Williams %R and RSI (both 14 periods):

There’s some information about the indicator on the wiki page here: Williams %R

Hope this helps and good luck!

BB

Files:
williams_r.png  100 kb