This exciting new oscillator from Traders Toolbox gives the user a clearer insight into the inner workings of the markets. The plot is a magenta/blue histogram of a proprietary triple smoothed overbought-oversold oscillator. When the bars are blue and above the centerline, the trend is up. Magenta bars above the centerline indicate a pullback in an uptrend. When the bars are magenta and below the centerline, the trend is down. Blue bars below the centerline indicate a pullback in a downtrend.

Available on:

TradeStation

Multicharts