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OBOS Overbought Oversold indicator for MT5

OBOS indicator


OBOS Indicator is an exclusive indicator to spot entries based on price action.
The OBOS Indicator is both effective and user friendly.
Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache.
The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information.

Inputs of the indicator are:
  • MaxBars: number of bars to display in your chart
  • Smoothing period: number of bars to be used for indicator calculations
Trading rules:
  • wait for the indicator to give you an overbought or oversold signal (usually blue and magenta bars)
  • once signal comes out, wait for price to calm down (small bar or no bar in the indicator)
  • enter in the market with a SELL or BUY order

Please look at the screenshots attached for examples of entries applying the rules given above.
The indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The indicator works fine with any time frame.

Other indicators for MT4:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.

Indicators for MT5:
All our indicators are developed both for MT4 and MT5.

List of all our indicators:
👉 You can get the complete list of our indicators visiting our profile page.

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note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Satoro mt5
Mykhailo Lozhkin
5 (1)
An indicator based on time-tested trading methods that gives a signal that the market is overbought or oversold in a certain period of time The indicator does not disappear when it appears, easy to use Suitable for any trade It can be used on any currency pair or crypto He performed best in the period H1,H4,daily After the purchase, you will also receive a seller's template with settings The seller uses it more for trading on cryptocurrency After the purchase, I also keep in touch
MetaForecast M5
Vahidreza Heidar Gholami
5 (2)
MetaForecast, fiyat verilerindeki harmonileri kullanarak herhangi bir piyasanın geleceğini tahmin eder ve görselleştirir. Piyasa her zaman tahmin edilemezken, fiyatlarda bir desen varsa, MetaForecast geleceği mümkün olduğunca doğru bir şekilde tahmin edebilir. Benzer ürünlere göre, MetaForecast piyasa eğilimlerini analiz ederek daha kesin sonuçlar üretebilir. Giriş Parametreleri Past size (Geçmiş boyut) MetaForecast'ın gelecekteki tahminler oluşturmak için kullandığı çubuk sayısını belirtir. M
Times and Sales Pro
Thalles Nascimento De Carvalho
Times and Sales Pro: İşlemlerinizi İşlem Akışındaki Dengesizlik ile Güçlendirin Küçük Fiyat Hareketlerinde Fırsatlar Times and Sales Pro , Times and Trades üzerinden emir akışını kullanan analistler için vazgeçilmez bir araçtır. Scalperlar için ideal olan bu ürün, küçük fiyat dalgalanmalarını yüksek hassasiyetle değerlendirmek isteyenler için tasarlanmıştır. Gelişmiş hesaplamalarla, bu gösterge işlemlerdeki dengesizlikleri belirleyerek hızlı giriş ve çıkışlar için değerli sinyaller sağ
Imbalance DOM Pro
Thalles Nascimento De Carvalho
5 (1)
Imbalance DOM Pro: Emir Defterindeki Dengesizlikle İşlemlerinizi Güçlendirin Küçük Fiyat Hareketlerinde Fırsatlar Imbalance DOM Pro , emir akışı ile işlem yapan analistler için temel bir araçtır. Scalper lar için mükemmel olan bu araç, küçük fiyat hareketlerinden yüksek doğrulukla yararlanmak isteyenler için tasarlanmıştır. İleri düzey hesaplamalarla, emir defterindeki dengesizlikleri tanımlar ve hızlı giriş ve çıkışlar için değerli sinyaller sağlar. ÖNEMLİ: MT5'te Emir Defteri Eriş
YAPAY ZEKAYA DAYALI BU GÖSTERGE, ayak izini okuyarak olası piyasa dönüş noktalarını belirler ve küçük piyasa hareketlerini henüz gerçekleşmeden ÖNCE işaret eder. "Geç" girişler oluşturan fiyat ve hacim göstergelerinden farklı olarak, yani yön değişikliğinde fiyat veya hacimde bir onay oluştuğunda ve dolayısıyla hareket çoğu zaman sona erdiğinde, bu gösterge, göstergede okunan şeye dayalı olarak sinyal verir. ayak izi, "HAREKET NE ZAMAN OLMALIDIR" ve dolayısıyla hareket başladığında hemen pazara
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
IVISTscalp5
Vadym Zhukovskyi
5 (5)
What's new about iVISTscalp5 forecast indicator (Version 10)? iVISTscalp5 is a unique nonlinear forecasting for a week ahead system for any financial instrument which executes fast scalping using time levels. iVISTscalp5 is a tool for easy study and understanding of financial market. 1) iVISTscalp5 forecast indicator has been completely rewritten into another programming language (C++), which has accelerated data loading and processing. As a result, a different graphical display of forecast
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabil
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Naked Forex Kangaroo Tail Indicator for MT4 Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Kangaroo Tail is a multi-bar pattern. The Kangaroo Tail pattern is very effective and is very simple to trade. The strategy that comes with the Kangaroo Tail is based on price action. The indicator does what it was designed for: displaying Kangaroo Tail patterns.   Don't expect to follow the up and down arrows and make mo
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TTM Squeeze indicator for MT4
Renaud Herve Francois Candel
TTM Squeeze Indicator TTM Squeeze is an indicator to time entries based on volatility. TMM Squeeze might well be one of the best and most overlooked indicator. It was created by famous trader John Carter and is also used by many traders like Nathan Bear. Why is the TTM Squeeze indicator important? Because in trading correct timing entries might be more important than picking the right direction.   This is a concept that is not very well understood in the trading community. Most trader think
Inside Bar indicator for MT4
Renaud Herve Francois Candel
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Engulfing Bar IndicatorEngulfing Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Engulfing Bar indicator is an enhanced pattern of the popular Engulfing Bar to  keep only the best patterns produced in the market. The strategy that comes with the Engulfing Bar is based on  price action. Inputs of the indicator are: Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/fa
Pin Bar Indicator The Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The strategy that comes with the Pin Bar pattern is based on price action. Inputs of the indicator are: Distance : distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in the popup window EmailAlerts (true/false): enable email alerts PushAlerts (tru
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Bar Strength Divergence Indicator for MT4 BarStrength Indicator is an exclusive indicator to trade Forex, Stocks, Indices, Futures, Commodities and Cryptos. BarStrength Indicator shows the strength of each candle. The indicator shows in a separate windows candles relatively to 2 price levels representing resistance and support in the market. Once candle is near resistance it is highly probable that price movement will change direction and will go down in the next candles. Once candle is
Fisher Kuskus indicator for MT4
Renaud Herve Francois Candel
Fisher Kuskus Indicator Fisher Kuskus is an indicator used by scalpers on low time frames like M1. The Fisher Kuskus is now available for Metatrader platform. Inputs of the indicator are: Period : period to be used for calculation of the indicator PriceSmoothing : value of 0.0 to 0.99 IndexSmoothing : value of 0.0 to 0.99 The indicator can be used with any time frame. It can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos. Other indicators for
High Low indicator for MT4
Renaud Herve Francois Candel
5 (1)
HighLow Arrow Indicator HighLow Arrow is a simple indicator to be used to signal major lows and major highs in your chart. This indicator is not intended to be used to trade alone but more as an alert that a turning point might be forming.  In this case the HighLow Arrow indicator signals that a new high or a new low is forming and that traders can prepare for seeking new signals. The formation of the High or the Low is confirmed after 2 bars have been closed. In the meantime, the alert ca
Keltner Channel Indicator Keltner Channel is an oscillator like Bollinger Bands. Keltner Channel is a very good tool to time entries for your strategy. Keltner Channel displays a channel where price is supposed to stay unless we are in overbought or oversold situations. Various strategies use Keltner Channel indicator successfully to spot overbought / oversold situations and look for reversals. Keltner Channel indicator uses ATR to determine overbought and oversold situations. Inputs of the
Heiken Color Indicator for MT4
Renaud Herve Francois Candel
Heiken Color Indicator Heiken Color is a simple indicator showing Heiken Ashi candles color, not in your chart but rather in a separate window. The indicator is useful if you want to use Heiken Ashi indicator without changing your chart display. Heiken Ashi can be used to filter signals or spot better entry after another indicator gave you a signal. Heiken Color indicator has no inputs. Heiken Color indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commod
FX Sniper Magenta Indicator FX Sniper Magenta is an exclusive and   leading indicator   to trade Forex with your Metatrader trading platform. FX Sniper Magenta is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Magenta is a unique   leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direc
FX Sniper Yellow Indicator FX Sniper Yellow is an exclusive   leading indicator   to trade Forex with your Metatrader trading platform. FX Sniper Yellow is able to analyze market participants behavior and to predict changes in the price direction even before movement starts. Most indicators are lagging indicators and are useless. FX Sniper Yellow is a unique   leading indicator . The indicator displays arrows in your chart (please see screenshot attached) showing the probable direction of
FX Sniper Orange Indicator FX Sniper Orange is an exclusive indicator to spot situations where market has gone too far and market could reverse soon after. The indicator displays arrows in your chart indicating probable future price action (see screenshot attached). By default, it uses orange arrows. FX Sniper Orange never repaints. Once candle is closed signal is confirmed and arrow will never disappear. Users of the indicator can setup alerts when new arrows are displayed in the chart.
VWAP indicator for MT4
Renaud Herve Francois Candel
Moving VWAP Indicator Moving VWAP is an important indicator drawing the Volume-Weighted Average Price (VWAP). The VWAP is a reference used by institutional traders and acts as a level of support / resistance. If price is above VWAP then means market is bullish. If price is below VWAP then means market is bearish. It can be used to enter in the market with low risk (near VWAP) and also identify the correct direction of the market. The Moving VWAP is as simple as a Simple Moving Average.
Normalized Volume 99% of indicators are based on price analysis. This indicator is based on volume. Volume is overlooked piece of information in most trading systems. And this is a big mistake since volume gives important information about market participants. Normalized Volume is an indicator that can be used to confirm reversal points. The indicator code volume with colors indicating high, normal and low volume. You could enhance dramatically your trading system using volume analysis
Fx Levels Premium Indicator Support and Resistance are important concepts in trading. Fx Levels Premium was created to easily draw important levels of support and resistance for the active trader. The indicator will give you all important levels (support/resistance) to watch for a wide range of assets. Trading without these levels on your chart is like driving a car for a long journey without a roadmap. You would be confused and blind. Support and resistance levels should be used as guidel
Breakout Impulse IndicatorBreakout Impulse Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos. The Breakout Impulse is a multi-bar pattern. The purpose of the pattern is to identify a fast change in momentum. This type of change can announce the start of a big directional move. Inputs of the indicator are: Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to c
Daily Pivots Multi Indicator Daily Pivots Multi is an exclusive indicator to draw your pivots levels and much more. Most indicators draw daily pivots for the day. Daily Pivots Multi is able to draw levels for different days. The indicator can do the calculation for unlimited number of days backward. It means that you can draw the levels for today but also for the past days. This is very useful if you want to study a strategy with Pivots levels over a period of time. Another problem is th
Dashboard Display Indicator With the Dashboard Display indicator you can create a nice, customized and professional dashboard in a few minutes. You can create your personal dashboard and have a look at a glance at real time data. You can use the Dashboard Display indicator with any symbol of your platform. The inputs of the indicator are: Symbol : symbol name as it appears in your platform (or VIX or DXY for specific symbols) DisplayName : name of symbol as it should appear in the disp
Smart Moving Averages Indicator Smart Moving Averages is an exclusive indicator for Metatrader platform. Instead of calculating moving averages for the selected chart time frame, the Smart Moving Averages indicator gives you the opportunity to calculate moving averages independently from the chart time frame. For instance you can display a 200 days moving average in a H1 chart. Inputs of the indicator are: Timeframe : timeframe to be used for the calculation of the moving average Perio
Market Momentum Alerter for MT4
Renaud Herve Francois Candel
Market Momentum Alerter Market Momentum Alerter will inform you about danger to operate in the market. Imagine you see a very nice setup (Forex, Stocks, Indices) and you decide to place your trade... And you finally lose your trade and don't understand what happened. This can happen due to big operations in the market carried out by banks and big institutions. These operations are invisible for most people. Now with the Market Momentum Alerter you will be able to detect those operation
Matrix indicator for MT4 by ITC
Renaud Herve Francois Candel
Matrix Indicator Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color coded indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator
OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number
Trend Direction ADX indicator for MT4 Trend Direction ADX is part of a series of indicators used to characterize market conditions. Almost any strategy only work under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.. Trend Direction ADX is an indicator to be used to characterize trend direction: trending up trending down ranging Trend Direction ADX is based on ADX standard indi
Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely
Trend Direction Up Down indicator Trend Direction Up Down is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility. Trend Direction Up Down is an indicator to be used to characterize trend direction (medium term trend): trending up trending down ranging Trend Direction Up Down is ba
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