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Title: Oscillator vs indicator: Know them before you speculate Post by: myself on December 17, 2012, 08:37:30 AM I will try to explain on the best way I can the difference between them using internet pictures :D I hope you will get the analogy :D
this is what a indicator looks like https://i.imgur.com/IPeN1.jpg a indicator have a unlimited amount of space to move "up" or "down" and there is no buy/sell level this is how a oscillator look likes https://i.imgur.com/F8pkW.jpg a oscillator is like a road with concrete barriers on both sides (a top and a bottom) u can turn your steering wheel at maximum but you will stop at the concrete barrier no matter what, on the same way like a road have the white painted line before the concrete barriers oscillators have also a line before the top/lowest value, crossing this lines do show a change in the trend and most traders dont take action until there is a cross on this lines. Oscillators can stay oversold or overbought for several days sometimes weeks and even months a perfect example for RSI oscillator is gold in 2010 it went under the 70 line and did go back above the line again but the rest of the time did stay overbought. http://twitter.yfrog.com/ny7satp http://a.yfrog.com/img862/8114/7sat.png (http://twitter.yfrog.com/ny7satp) Title: Re: Oscillator vs indicator: Know them before you speculate Post by: myself on December 20, 2012, 12:28:41 PM i did forgot to add something to the Indicator :-[ ( but put here at point 2 https://bitcointalk.org/index.php?topic=131611.msg1409239#msg1409239 ) the value of a indicator will changes based on the amount of data you load
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