Horus RSI Stoch BTC - SPX EMA Spread is an oscillator based on BITSTAMP:BTC and the SPX500USD EMA spread and may indicate Bitcoin oversold / overbought conditions compared to SPX. You can also setup an other time frame.
How it works? - Like an RSI but only for BTC - Setup any time frame you want - Display Stochastic - Display StochRSI - Display Crosses for potential breakout / breakdown
If its indicated overbought, this does not mean it can't go higher. Same the other way around.