PROTECTED SOURCE SCRIPT
Updated

Overbought & Oversold

15 401
Using volatility extreme in conjuntion with the Laguerre tops and bottoms signal from Chris Moody, it allows the user to know if the asset is highly overbought or highly oversold.
Red means oversold, Green means overbought.
I use it as an additional confirmation before taking a trade, short or long.
Release Notes
I have added the possibility to receive an alert if Overbought or Oversold triggers

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.