Overbought Oversold Index

obos

Function Name: obos

Tags: None

Category: Momentum

The Overbought / Oversold (OBOS) indicator is very similar to the Stochastic and the Williams %R indicators. It relates the difference between today's closing price and the period's Low with the trade margin of the given period. Thus, it indicates the relative position of the closing price within the given period.

 

Parameters

period

 

Default Value: 14  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric