Overbought/Oversold Indicator

The Overbought/Oversold Indicator is a simple but extremely useful indicator. The distance between the price line and its average measures it.

To apply a Overbought/Oversold line to a graph:

• The STI dialog box will be displayed (refer to the STI diagram)
  
  
• Select the required period by scrolling across with the arrows.
  
  
• Click on OK and the graph will re-draw with the OBOS line in a separate graph below the price line graph.