As the name indicates INDICATORS merely indicates about
the status of the market ,that is ,whether the market is
presently in OVERSOLD condition or OVERBOUGHT
condition.The classic example is RSI ,a value of 30
indicates the market are oversold condition and a value
of 70 indicates overbought condition.
On the other hand OSCILLATORS moves above and below the
base line.A classic example is MACD. In case of bullish
market the macd values stand on the baseline and in case
of bearish market they hang from the baseline.
There is plethora of information avilable on different
oscillators and indicators on Internet.You can follow
this link :
http://www.metaquotes.net/techanalysis/indicators/
Personally ,somehow I like oscillators over indicators
and my favourite indicators are MACD and AWESOME
oscillators because the first one takes into account 26
previous samples and the later takes 34 previous samples
to arrive at a single data point.
Though I have not tested all the mentioned oscillators
and indicators,you feedback on them is highly
appreciated.
the status of the market ,that is ,whether the market is
presently in OVERSOLD condition or OVERBOUGHT
condition.The classic example is RSI ,a value of 30
indicates the market are oversold condition and a value
of 70 indicates overbought condition.
On the other hand OSCILLATORS moves above and below the
base line.A classic example is MACD. In case of bullish
market the macd values stand on the baseline and in case
of bearish market they hang from the baseline.
There is plethora of information avilable on different
oscillators and indicators on Internet.You can follow
this link :
http://www.metaquotes.net/techanalysis/indicators/
Personally ,somehow I like oscillators over indicators
and my favourite indicators are MACD and AWESOME
oscillators because the first one takes into account 26
previous samples and the later takes 34 previous samples
to arrive at a single data point.
Though I have not tested all the mentioned oscillators
and indicators,you feedback on them is highly
appreciated.