Summary: The Hurst Channel oscillator, originally created by J.M. Hurst attempts to identify oversold and overbought market zones.
Hurst Channel Oscillator
The Hurst oscillator can be treated like any other oscillator where a crossover of the fast signal with the slow signal is a potential entry point. Oscillator divergences can also be used to spot potential reversals.
The oversold zone are values below zero, while the overbought zone is above one.