Oscillators Overlay w/ Divergencies/Alerts by DGT

2022년 3월 17일

An oscillator is a technical analysis tool that, simply said, gauge momentum, determine market trend direction and duration. For some oscillators, fluctuations are bounded by some upper and lower band, and traders use them to discover short-term overbought or oversold conditions.

Oscillators are often combined with moving average indicators to signal trend breakouts or reversals

Histogram, is the difference between the oscillator and signal lines, which oscillates above and below a center line and is used as a good indication of an asset's momentum

What to look for
- Signal Line Crossover is the most common signal produced by the oscillators
- Zero Line Crossovers have a very similar premise to Signal Line Crossovers
- Divergence, when the oscillator and actual price are not in agreement, is another signal created by the oscillators
- Overbought and Oversold, with any range-bound oscillator, conditions are a primary signal generated

Oscillators Overlay study
* Presents oscillators on top of the mian chart (price chart)
* A single indicator for many well known and custom oscillators
* Divergence detection
* Alerts for various condtions

The list of oscillators included;
- Awesome Oscillator (AO)
- Chaikin Oscillator (Chaikin Osc)
- Commodity Channel Index (CCI)
- Distance Oscillator
- Elder-Ray Bear and Bull Power
- Elliott Wave Oscillator (EWO)
- Klinger Oscillator
- Money Flow Index (MFI)
- Moving Average Convergence Divergence (MACD)
- Rate Of Change (ROC)
- Relative Strength Index (RSI)
- Stochastic (Stoch)
- Stochastic RSI (Stoch RSI)
- Volume Oscillator (Volume Osc)
- Wave Trend [LazyBear]

In technical analysis, investors find oscillators to be important technical tools and consider them more effective when used in conjunction with other means of technical analysis

Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely

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