Oscillators

Oscillators are popular and widely used because they are leading indicators that can signal a possible trend change that is yet to start. These indicators oscillate between two values, above and below a midpoint and its value helps to gauge the strength and momentum of a trend but also typically signals if a market is overbought or oversold (meaning price is unjustifiably high or unjustifiably low), which can point to a reversal of the trend.

This in turn can be used to determine when to close open positions. Oscillators work best in ranging markets because in trending markets they can show overbought or oversold conditions too soon. Common things to look for are a midpoint cross, approaching maximum or minimum value and regular or hidden divergence. Oscillators are usually plotted with a line or histogram. There are many oscillators such as the Relative Strength Index, the Stochastic Oscillator, the True Strength Index and the Ultimate Oscillator.
tntsunrise tntsunrise TOP EURUSD, D, Short ,
EURUSD: EURUSD HITS DAILY 0.618 LEVEL
5874 20 165
EURUSD, D Short
EURUSD HITS DAILY 0.618 LEVEL

EURUSD HITS DAILY 0.618 LEVEL Hey Guys, The Recent Eur Rally push the price to 0.618 1.0933, but can't close above it. and meanwhile it hits the top of the channel. RSI overbought. With my DXY and USDCHF idea, EURUSD may fall from this level. So it's good to open a eurusd trade if haven't long USDCHF yet. SL above 1.0965 TP: The GAP and Previous Low

DLavrov DLavrov USDJPY, 240, Short ,
USDJPY: USDJPY Short Opportunity
552 1 34
USDJPY, 240 Short
USDJPY Short Opportunity

Price is going to bounce from the resistance zone between 112.00 and 111.50 levels. RSI and MACD histogram confirm price reversal. We can sell below 111.00 with stop orders above 112.00 and profit target at 110.00 level.

Roker1 Roker1 PRO EURAUD, D, Short ,
EURAUD: Double Top at Bat's completion?
123 4 11
EURAUD, D Short
Double Top at Bat's completion?

Hey guys, here as you can see on the left we've just completed a Bat formation, and also, price is in overbought condition. These two elements, along with the structure, make me think it could be the starting point of a reversal. As of now, on the hourly chart, price is creating a double top with RSI divergence. Let's see how the current candle close in order to ...

Oops_I_Charted Oops_I_Charted PRO LTCBTC, 360,
LTCBTC: Litecoin LTC - Don't dump in your pants just yet, hodl it in...
209 0 11
LTCBTC, 360
Litecoin LTC - Don't dump in your pants just yet, hodl it in...

This is a tough one to call. Everyone and their mother bought Litecoin because of Segwit. When everyone buys...there's no one left to buy. So it's currently trying to shake off as many people as possible, and lots of pants are being shat (including mine, as I wasn't going to risk NOT being in for the Segwit lock-in). There are a LOT of people to shake off, and ...

chartwatchers chartwatchers PRO USOIL, 60, Long ,
USOIL: OIL - Fourtynine
1656 14 42
USOIL, 60 Long
OIL - Fourtynine

I have the same feeling as at 49$... Every breakdown is bought at 49$ again and again on high volume. We must notice the divergencies in every indicator: RSI, MACD, TSI... General stock markets are in a rally mode : there is no reason for oil to fall... So I'm buying here. New long entry : OIL US Crude July Manage position size. I'm not going to stop this ...

Roker1 Roker1 PRO GBPCAD, 240, Short ,
GBPCAD: Short opportunity on GBPCAD
102 1 8
GBPCAD, 240 Short
Short opportunity on GBPCAD

Hi, pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence ...

Trueman23 Trueman23 USDCAD, 240, Short ,
USDCAD: usd cad
68 0 11
USDCAD, 240 Short
usd cad

time to keep en eye on usd cad for a possible short.. we hit daily reistance and forming some kind of double top ....even heads up by the rsi divergence .. trying to get in after small support shows a break and close .....

FxWirePro FxWirePro PRO EURGBP, M, Short ,
EURGBP: EUR/GBP shooting star signals more clarity than gap up candle
126 0 6
EURGBP, M Short
EUR/GBP shooting star signals more clarity than gap up candle

EUR/GBP shooting star signals more clarity than gap up opening – Digital puts to magnify returns and near month forwards to hedge: Bears are intensified despite gap up candle more dips for the day likely as traces of bullish indications. As a result, current prices on this timeframe has again slid below 21DMA although bulls have attempted to bounce above ...

FxWirePro FxWirePro PRO DXY, M, Short ,
DXY: After gap down candle in DXY, dollar bears drag price slumps
70 0 6
DXY, M Short
After gap down candle in DXY, dollar bears drag price slumps

After gap down candle in DXY, dollar bears drag price slumps as major trend slides below 7-EMA - Tunnel spreads best speculative bets: After gap down candle occurred at 98.79 level, the bears have managed to extend the price dips upto the current 98.86 levels (while articulating), yesterday’s rallies have exhausted exactly at 99.33 levels (refer daily ...

TipTVFinance TipTVFinance EURUSD, D,
EURUSD: EUR/USD – re-test of 200-DMA likely
50 0 6
EURUSD, D
EUR/USD – re-test of 200-DMA likely

Failure at 1.0950 for two consecutive days in the wake of overbought RSI on the 4-hour chart suggests a pull back to 1.0940 (200-DMA) is more likely, although the dips below 200-DMA could see fresh demand for EUR, courtesy of the upward sloping 5-DMA and 10-DMA. Only two consecutive daily close below 10-DMA would signal the erratic rally from the low of 1.0569 ...

anjhelo anjhelo NZDUSD, 240, Long ,
NZDUSD: NZDUSD 4H - Retracement Trade
31 0 6
NZDUSD, 240 Long
NZDUSD 4H - Retracement Trade

TP 1 @ 38.2 Fibonacci level TP 2 @ 61.8 Fibonacci level Note that RSI is pointing upwards so this retracement trade might be possible.

BTCFailWhale BTCFailWhale VRCBTC, 120,
VRCBTC: VRC BTC POLONIEX
25 0 6
VRCBTC, 120
VRC BTC POLONIEX

Seems the past 24 hours has been a slice of humble pie for me. One thing I have learned in trading is if you cant admit you were wrong, you will never be right. I was wrong. Now changed to a yellow line, this was my suguested bottom trend line . It was broken under very light volume for a hand full of candles. Increased buy support today up from 13 BTC to 100+ ...

JustinCaravaggio JustinCaravaggio LTCBTC, 180, Long ,
LTCBTC: Litecoin to correct short term then continue up to old highs
143 0 4
LTCBTC, 180 Long
Litecoin to correct short term then continue up to old highs

Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and ...

TipTVFinance TipTVFinance SPX, D,
SPX: S&P500 – Bearish inverted hammer
51 0 4
SPX, D
S&P500 – Bearish inverted hammer

Wednesday’s bearish inverted hammer candle at record highs if followed by a close below 2381 today would open doors for a sell-off to 50-DMA level of 2362 levels. The 50-DMA is now inching closer to being topped out. On the higher side, a daily close above 2400 would add credence to the upward sloping RSI and open doors for 2450 levels over the near term.

raco1310 raco1310 GBPJPY, 240, Short ,
GBPJPY: GBPJPY sell
41 0 4
GBPJPY, 240 Short
GBPJPY sell

Sell opportunity. AB=CD pattern, resistance, RSI overbought, divergence.

GMInvestments-Toronto GMInvestments-Toronto EURJPY, 15, Long ,
EURJPY: EURJPY Buy Setup
39 0 4
EURJPY, 15 Long
EURJPY Buy Setup

Hello everyone our last trade was a breakeven which is not bad at all. Participating in the market and coming out without a loss is never a bad case.Now here we have a chance to go long based on the flag breakout and RSI divergence. Make sure you do your own analysis before getting involved in the trade. Cheers Entry - Now Target 1 - 121.98 Target 2 - 122.24 Stop ...

EvanJones EvanJones PRO DJI, 240, Short ,
DJI: Strong Correction forecasted
24 0 4
DJI, 240 Short
Strong Correction forecasted

The Dow Jones Index like many other indices has been powering through aiming higher and higher , however with two significant gaps and a missed weekly pivot, evidence suggest these gaps will be filled at some point in the future. Added to this, is the divergence shown on the RSI which indicates a downwards correction.

TodorGrigorov TodorGrigorov EURNZD, D, Short ,
EURNZD: EURNZD Cypher D1 SELL
22 0 4
EURNZD, D Short
EURNZD Cypher D1 SELL

Cypher formation a little bit more long term trade for 300pips but all the things are on place to enter the trade. I will shoot for 300pips. Reason for entry NZD have been weakening for quite long and the EUR has strengtened due to the events in the EZ. I believe we may see 38.2% retracement of the last leg of the move. As well the RSI is overbought and we have ...

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