✅ Identifies overbought & oversold conditions with normalized momentum
✅ Uses a smoothed EMA-based central price for stable signal generation
✅ Displays dual histograms (Oo & Ll) to visualize momentum pressure
✅ Color-coded bars instantly show bullish, bearish or indecisive phases
✅ Marks precise BUY & SELL points with strict crossover arrows

Elevate your timing with the Overbought / Oversold Indicator: it computes a smoothed central price (ys1) via EMA, normalizes momentum through standard deviation, and plots dual histograms (Oo & Ll) alongside up/down EMA lines. Color-coded bars instantly highlight bullish (green), bearish (red) or indecisive (yellow) momentum shifts, while strict crossover arrows mark precise buy and sell points. Add this overlay to your chart for crystal-clear overbought/oversold signals and confidently time your entries and exits!

Also available as CBOT overbought oversold cbot cBot - cTrader Store