Look how the bands on my $TICK tool call for some cool overbought/oversold levels...

The perm. for this is MA 10 period for the 5min $tick overlaid on the ES

A useful peace of advise for this is on trending up markets use the 1 min and a +600 for shorts and -400 for buys. The opposite for down trending markets. Bracket markets I use the 5 min +300 and -300 these numbers tend to change so it is user defined.

Thanks for another great post Joe
Would you share the settings for your $tick tool? This is what I use, 5 min $tick, 5 ema set on (H+L)2

5 min 10 period MA, I also watch the 20 period and when the 20 and 10 are at extreams like -500 or better and there is a large $tick reading you can usually get in a move at the bottom.