Stochastic Overbought/Oversold Triangles

This tells you when the 60-10-10 Stochastic, which is a slow moving stochastic, has reached an extreme of above 89 and below 11. I mainly use this on the 5m chart as an indicator of when to look to get out of trades and when to look for positions to get in for a reversal. Works best in more ranging markets but works well in a non extreme trending market too.