What is the meaning of Risk (Implied)?

In which the formula produces the percentage overbought/oversold for a contract using the price, a moving average and the option's implied volatility.

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APABarry Goldsmith. (2010). risk (implied). Retrieved September 20, 2026, from http://smartdefine.org/risk_(implied)/definitions/1162627
ChicagoBarry Goldsmith. 2010. "risk (implied)" http://smartdefine.org/risk_(implied)/definitions/1162627 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, risk (implied), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/risk_(implied)/definitions/1162627>.
MLABarry Goldsmith. "risk (implied)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/risk_(implied)/definitions/1162627>