Overbought / Oversold
Definition
Conditions where an asset's price has risen (overbought) or fallen (oversold) significantly and may be due for a reversal. Typically measured by RSI or stochastic oscillators.
Example
RSI above 70 is considered overbought; RSI below 30 is considered oversold.
How Gilito AI Uses It
Overbought/oversold conditions from RSI and other oscillators are common entry triggers in mean-reversion strategies tested by Gilito.