Simple Overbought/Oversold indicator
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 14/05/2014 // Simple Overbought/Oversold indicator //////////////////////////////////////////////////////////// study(title="Overbought/Oversold", shorttitle="OB/OS") Lookback = input(10, minval=1) xOBOS = stoch(close, high, low, Lookback) nRes = iff(close > close[Lookback], xOBOS / 100, (100 - xOBOS) / 100) plot(nRes, color=blue, title="OB/OS")