Multi-Osc OB/OS Overlap

Overview

Many traders use oscillators to trade reversals, but using a single one may result in noise. 
A smarter way is to combine multiple oscillators and look for confluence.

Multi-Osc OB/OS Overlap helps you identify reliable OB/OS conditions and provides reversal signals in this way.

How it works

This indicator combines the 3 most used oscillators: MFI, RSI, and Stochastic, and looks for the overlapping signals among them. To be more specific:

• Each oscillator is smoothed to reduce market noise.
• If 3 oscillators agree that price has reached OB/OS conditions, the indicator highlights the overlapped OB/OS zone. 
• Overlap at Overbought (OB) → It generates a SELL signal. 
• Overlap at Oversold (OS) → It generates a BUY signal. 

What it gives you

• More reliable signals through multi-layer confirmation
• Filters out false triggers from single oscillators
• Clean, space-saving design compared to stacking multiple panels
• Fully customizable thresholds for each oscillator
• Signals that align not just with oscillators, but are also confirmed by price action

How to trade with it

For a classic OB/OS trading setup, use default oscillator thresholds of 70/30.

Or try these 2 alternative setups:

1. Catch deeper reversals: 
+ Set thresholds to 80/20 for deeper, more extreme reversals.

2. Trade pullbacks with another trend indicator:
+ Set thresholds to 50 (the centerline).
+ Use centerline crosses as pullback opportunities within the main trend. 

Make the most of OB/OS conditions and trade your way.