V.10:11 (488-493): SIDEBAR: OSCILLATOR TRADING SYSTEMS DEFINED by Technical Analysis, Inc.
Product Description
OSCILLATOR TRADING SYSTEMS DEFINED by Technical Analysis, Inc.
An oscillator is an indicator that moves back and forth between two limits. Most oscillators, such as stochastics, relative strength index and commodity channel index, are defined so that they range between 0 and 100 or -100 and +100. Usually, an oscillator is interpreted by watching for crossovers; that is, when the indicator crosses a given level (such as 20 or 80 for stochastics), a buy or sell signal is generated. The problem with crossover systems is that they are usually late — by the time the indicator penetrates the trigger level, the price has already advanced 50% or more of its move.
An oscillator is an indicator that moves back and forth between two limits. Most oscillators, such as stochastics, relative strength index and commodity channel index, are defined so that they range between 0 and 100 or -100 and +100. Usually, an oscillator is interpreted by watching for crossovers; that is, when the indicator crosses a given level (such as 20 or 80 for stochastics), a buy or sell signal is generated. The problem with crossover systems is that they are usually late — by the time the indicator penetrates the trigger level, the price has already advanced 50% or more of its move.
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