Defining Oscillators
Oscillators are technical analysis tools that bound within a predefined range. Oscillators are placed below the main chart area and not within the chart area as common indicators.
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- Oscillators
Trading with the new RSI PRECISION v.3 (The first all-in-one TA indicator)
□ Available: TradingView (free indicator)
□ Developer: Giorgos Protonotarios (2021-2023)
RSI PRECISION is an alternative to the classic Relative Strength Index (RSI) that additionally operates as a signaling machine. The indicator enhances the readings of the classic RSI with PPV (Periodic Price Volatility) to offer accurate calculations on longer timeframes. Additionally, it offers five categories of leading trading signals.
- RSI crosses
- MACD signal
- Selected StochRSI signals
- Golden/Death cross signal
- Low-high timeframe SMA signals
You can add it for free on TradingView: » https://www.tradingview.com/script/cTEWnHdU-RSI-PRECISION-v-3
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- Oscillators
Trading with Oscillators
Oscillators are tools of technical analysis that are bound within a range. This predefined range helps traders to identify if the price of a financial asset is found in overbought/oversold levels.
Oscillators can prove a useful tool for:
- Identifying Overbought/Oversold Market Levels
- Evaluating the Momentum of the Trend
- Spotting Trend Reversal/Continuation
- Generating Trade Signals
But how easy it is to spot a failure in the momentum of the trend?
“When a long-term trend loses its momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.” -George Soros
This tutorial includes information and tips when trading with the following oscillators:
- Moving Average Convergence Divergence (MACD)
- Relative Strength Index (RSI) and StochRSI
- RSI PRECISION v.3 (Multi-Signal Machine)
- RSI PRECISION v.2 (MACD & SMA)
- RSI PRECISION
- Williams %R
- Stochastic Oscillator
- Momentum Oscillator
- Awesome Oscillator (AO)
- DeMarker Indicator
- Average Directional Movement Index (ADX)
- Gator Oscillator (GO)
- Commodity Channel Index (CCI)
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- Oscillators
This is an improved version of the popular Relative Strength Index (RSI) specially designed for cryptocurrency and tech stocks trading. The new oscillator combines RSI readings and key technical analysis signals into a single tool.
RSI PRECISION PLUS MACD & SMA SIGNALS (FREE ON TRADINGVIEW)
RSI PRECISION is an oscillator that generates RSI readings by also taking into account price volatility and momentum. The great advantage is the accuracy of readings at high timeframes (monthly, weekly) and during market tops and bottoms. RSI PRECISION can analyze every volatile financial asset class in the world, such as the Nasdaq stocks and cryptocurrencies.
RSI Precision can be used for several tasks:
- Recognize overbought/oversold market levels more accurately than the classic RSI
- Recognize RSI support and resistance levels
- Identify key divergences between RSI slope and price slope
3 Trading Signals:
- RSI Precision Crossovers/Crossunders
- MACD Crosses (over/under its signal line)
- SMA Golden Cross & Death Cross (50/200)
■ You can add RSI PRECISION for free on TradingView: » https://www.tradingview.com/v/kBpWBCXU/
Read more: The New RSI Indicator for Crypto and Tech Stocks Trading
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- Oscillators
%R Larry Williams
(Williams %R)
◙ Usage: Identifying Overbought/Oversold Market Levels
◙ Trading: Detecting Trend Continuation / Momentum Failures
◙ Standard Settings: 14 Periods
Introduction to Williams %R
Developed by Larry Williams, Williams %R is a momentum oscillator widely used for its ability to identify overbought and oversold market levels and to detect momentum failures.
-Williams %R oscillates from values 0 to -100
-Williams %R shows the level of the close relative to the highest high for a particular period:
- When Williams %R is near zero (0), it shows the price is trading near the highest high (look back period)
- When Williams %R is near -100, it shows the price is trading near the lowest low (look back period)
-Similarly, the Stochastic Oscillator shows the level of the close relative to the lowest low (► more about Stochastic)
-Williams %R and the Fast Stochastic Oscillator produce the exact same reading, only the scaling is different
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- Oscillators
RSI PRECISION -AN ADVANCED VERSION OF THE CLASSIC RSI
Created by Giorgos Protonotarios, RSI PRECISION is an advanced version of the classic RSI that works on TradingView and it is free. The oscillator enhances RSI with market momentum and periodic price volatility.
◙ Usage: Identifying Overbought/Oversold Market Levels
◙ Trading: Trading any market, and especially Highly Volatile Markets (such as the cryptocurrency market)
◙ Standard Settings: 14 Periods or 21 Periods
□ Add RSI PRECISION on any TradingView chart here, it is 100% free: https://www.tradingview.com/script/irWH8Wkm-RSI-PRECISION/
WHAT IS RSI PRECISION?
RSI PRECISION is a technical analysis oscillator that identifies market tops/bottoms in any timeframe. The oscillator is very easy to use and enhances RSI readings with periodic market momentum and price volatility.
- Details
- Oscillators
Moving Average Convergence Divergence
(MACD)
◙ Usage: Trend-Following Momentum Indicator
◙ Trading: Trading Signals from Crossovers | Slope Divergences
◙ Standard Settings: 12-period Fast, 26-periods Slow, and 9-period EMA
Introduction to MACD (Moving Average Convergence Divergence)
Developed by Gerald Appel in the 1970s, MACD is a trend-following momentum indicator and one of the most widely used technical analysis indicators worldwide. The oscillator can evaluate the momentum of the trend and generate reliable trading signals.
- The MACD is the difference between a 26-day and 12-day EMA (exponential moving average)
- The Signal Line is a 9-day EMA which works a trigger for buying/selling the market
The MACD can be used for trading any financial market (Foreign Exchange, Equities, Commodities) in multiple timeframes. There are two ways to visualize MACD:
(a) 2 classic lines system (MACD and Signal Line) and focus on where they are interacting
(b) MACD Histogram (and focus on crossovers above/below zero)
The MACD Histogram
Developed by Thomas Aspray, the MACD-Histogram shows the distance between the MACD line and the signal line.
