Horus Spreadmaster is an oscillator based on the spread of two tickers and may indicate oversold / overbought conditions compared to one or the other . You can also setup an other time frame.
How it works? - Setup the tickers - Check the invert box if you have the correct ticker order - Setup any time frame you want - Display Stochastic - Display StochRSI
If its indicated overbought, this does not mean it can't go higher. Same the other way around.