Introduction to Overbought/Oversold Indicator::
The Overbought/Oversold (OB/OS) is a market breadth indicator based on the smoothed difference between advancing and declining issues. The Overbought/Oversold indicator is a 10-period EMA of the difference between the number of advancing and declining issues. The reading above +200 is normally considered bearish and the reading below -200 is considered bullish. When the Overbought/Oversold indicator falls below +200 a sell signal is generated. Similarly, a buy-signal is created when the OB/OS indicator rises above -200. Technical analysts of Money Classic Research resort to OB/OS strategy to obtain accurate trading tips. The firm also provides intraday Cash & Option tips, Stock future tips and different trading recommendations for clients.
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