Study Notes: Oscillators

I am currently studying the brilliant Babypips.com materials on Technical Analysis.

I'm capturing my study notes on live chart examples.

These are notes from:
babypips.com/learn/forex/leading-indicators-oscillators

Takeaways:

- 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.