Alert for revesals & trends
Advantages: Alert can be set to any many timeframes. Alert gives a live signal during overbought & over sold market conditions for trend trading & reversals.
TradingView account needed: free
How to gain access to this script: https://www.ceo.codes/custom-indicators-alerts-by-ceocodes/over-brought-over-sold-alert
Watch a replay of Over Bought / Over Sold Alert on Youtube: https://youtu.be/_jKEOR4LWic
DESCRIPTION & HOW TO USE THE ALERT:
OBOS alert automatically finds live price levels where the market is over bought and over sold. When this occurs it shows a directional signal on the bottom of the chart.
A directional long/short alert can then be set from the indicator to give a live notification of changing market conditions.
These levels are derived from live price which means the indicator will give a new level once the previous level is broken.
By visually laying out OBOS levels on the bottom of the chart with red & green arrows, Over Bought / Over Sold alert allows levels as well as trends to be identified.
Over Bought / Over Sold alert can be used alone for long/short signals or used as a visual aid to assist in identifying levels on the chart.
This alert will clearly highlight possible Trends and also levels for the any timeframe. The chart time can be adjusted in the input settings.
Over Bought / Over Sold alert allows easy determination of levels & trend direction than can assist in identifying trade entry, profit, target or reversal levels for chartists.
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CEO .CODES indicators are built for TradingView. CEO .CODES is on no way a part of TradingView.