Technical Indicators for MetaTrader 5

OBOS Indicator for MT5

149.00 USD126.65 USD

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MetaTrader 5
Renaud Candel


OBOS Indicator is an exclusive indicator to spot entries based on price action.

The OBOS Indicator is both effective and user friendly.

Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache.

The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information.

To use the indicator, please follow the rules:

  • wait for the indicator to give you an overbought or oversold signal (usually blue and magenta bars)
  • once signal comes out, wait for price to calm down (small bar or no bar in the indicator)
  • enter in the market with a SELL or BUY order

Please look at the screenshot attached for examples of entries applying the rules given above.

Inputs of the indicator are the followings:

  • MaxBars: number of bars to display in your chart
  • Smoothing period: number of bars to be used for indicator calculations

The indicator can be used with any class of assets: Forex, Equities, Commodities, Futures.

The indicator can also be used to trade Binary Options.

The indicator works fine with any time frame.


If for any reason you do not like the purchased program, you can request a refund within 14 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email:

Refund requests received more than 14 days after purchase will be rejected.

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RISK WARNING: is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.