- Oscillators are great at giving signal for trend changes - But they often get ahead of the game and assume *every* fluctuation in momentum is a trend change - Oscillators fluctuate between buy and sell signals, think of a desktop fan that goes from left-right
Examples:
- Parabolic SAR, Stoch, RSI
My own thoughts:
- Using all oscillators together and looking for 'agreement' might be a nice approach. Charts with decent price history allow you to see how reliable this has been in the past, as a gauge of probability.
- Ichi Clouds is the only indicator that successfully works as a full trading system. You can see these ones have a modest hitrate - only to be used to support a rationale rather than drive it.