Overbought/Oversold

The Overbought/Oversold indicator is a 10 period exponential moving average of the Advance-Decline Spread. Values over +200 are considered bearish, and values under -200 are considered bullish. When the indicator falls below +200 a sell signal is generates, when it rises above -200 a buy signal is generated. Values around zero indicate market congestion.

Formula:




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