Help me find a decent over bough over sold indicator for MT5

Hi Guys i am back after very long time i have very straight to point request please help me find adecent over bough over sold indicator which help me get hold on potential reversals

Piphunterss wrote: Mon Aug 03, 2026 10:43 pm Hi Guys i am back after very long time i have very straight to point request please help me find adecent over bough over sold indicator which help me get hold on potential reversals

Peek+ indicator by Ionone.

Jimmy wrote: Tue Aug 04, 2026 12:39 am Peek+ indicator by Ionone.

THNAKS JIMMY i will look into it cheers

any more recommendation would be highly appreciated and regarded dont want to spam just want to make every body read the post for once

Piphunterss wrote: Thu Aug 06, 2026 3:21 am any more recommendation would be highly appreciated and regarded dont want to spam just want to make every body read the post for once

Errør314159 wrote: Sun Mar 23, 2025 4:26 pm
For those looking around also see

Ascend Fractal Chart

Stdv Rsi Fvg

Trix Divergence

Tma Cg nrp

cheers

hunting down overbought/oversold indicators to catch reversals proper trial and error init, cuz relying solely on that gear always leaves u exposed to fakeouts. best off cross-checking a few that the lads recommended and just picking whatever UI feels right for u to trade off.

William wrote: Wed Aug 12, 2026 2:24 pm hunting down overbought/oversold indicators to catch reversals proper trial and error init, cuz relying solely on that gear always leaves u exposed to fakeouts. best off cross-checking a few that the lads recommended and just picking whatever UI feels right for u to trade off.

Every overbought/oversold indicator can work but only when you interpret it in context.

For a bullish reversal setup, for example:

Sweeps sell-side liquidity.
Reclaims an important level.
Produces bullish displacement.
Creates an FVG.
Pulls back into the FVG/OB.
RSI recovers from oversold → RSI confirms that the previous selling momentum is weakening and buyers are starting to take control.
The overbought/oversold signal is used as confirmation of the broader price-action context, not as a standalone entry signal.

The important difference

Bad interpretation:

RSI = 25 → BUY

Better interpretation:

Liquidity sweep + reclaim + displacement + FVG/OB + RSI recovering from oversold → much stronger bullish setup.

And the same concept works in reverse for a short:

Buy-side liquidity sweep → bearish reclaim → bearish displacement → FVG → pullback into OB/FVG → RSI falls from overbought → bearish momentum is returning.

So OB/OS indicator becomes a confirmation layer, not the reason for taking the trade.

Piphunterss wrote: Mon Aug 03, 2026 10:43 pm Hi Guys i am back after very long time i have very straight to point request please help me find adecent over bough over sold indicator which help me get hold on potential reversals

List of the best reversal indicators. Start here, test with MT4 and when you've found a good one post your findings so the coders can consider converting to MT5 (for you)