Glossary
O
obligation: binding oneself legally or morally to do or to refrain from certain acts.
OBV (On-Balance Volume): an indicator showing volume flow.
OCO (order-cancels-order): a stock order that cancels another order if executed. OCO orders are not used for minuting.
offal: a stock no good for minuting. See ballistic. Contrast projectile, stock in play, prey.
Open (price): the opening price of a bar. open (position): to be current invested (in a stock). Contrast close.
opening bell: the beginning of the regular trading session.
opportunity density: relative frequency of certainty windows for minuting.
opportunity: an opening for minuting.
order: an instruction to buy or sell a certain stock. Compare trade.
order book: the real‑time list of passive buy and sell orders resting at each price level, showing where liquidity sits and how hard price must work to move.
orthodox: following long-established practice.
oscillate: to fluctuate up and down.
oscillator: an indicator of oscillation.
OSO (Order Sends Order): a conditional stock order where the execution of a primary order automatically triggers secondary orders. The secondary orders for an OSO are a profit target/Limit and stop loss/Stop.
ostensibly: facilely apparent as opposed as genuine.
OTC (over-the-counter): a minor stock exchange that typically relies upon broker-dealer networks. OTC stocks usually fail to meet listing requirements for other exchanges, meaning that they have very low market capitalization or can't afford the fee to get listed on NYSE or Nasdaq.
over-trading: making too many trades, as shown by many of them being unprofitable.
overbought: an assessed condition that an upward trend in stock price is exhausted, indicating that reversal is impending (with the price going down). Compare oversold.
overlay: an indicator that is superimposed on a chart, not in a separate subgraph. TradeStation refers to overlay indicators as “ShowMe” or "PaintBar".
oversold: an assessed condition that a downward trend in stock price is exhausted, indicating that reversal is impending (with the price going up). Compare overbought.
overtrading: attempting minuting too often, such that a significantly lower percentage of trades are profitable.