Which is the best Oscillator?! | Forex Factory

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Which is the best Oscillator?!

  • #1
  • First Post: Edited 5:16am Oct 28, 2017 4:57am | Edited 5:16am
Hi,
there are so many Oscillators out there... RSI, CCI, Stochastic
If I really make it bad, so it looks like this - which Oscillator do you think is best to help me determine real range (& only buy&sell in best conditions)?!
Attached Image

This is RSI

Edit: I search one that is working with my Indi, and lets it (the indi) buy and sell in trends, but protects it from range when it occurs.
Check page 1 for all infos...
  • #2
  • Oct 28, 2017 5:32am Oct 28, 2017 5:32am
Why are you limiting yourself to what are known as "classical" oscillators? Anything can be an oscillator.

Think of one of the most used one : the Bollinger bands :

- there is an up band (limit)

- there is a down band (limit)

- there is a middle (zero) line


Those are all elements of an oscillator ... which makes a Bollinger bands an oscillator even though majority do not think of it that way. Turning BB to classical display of an oscillator is a matter of a few lines of a code in any trading platform, but even when looked at the main chart it is what an oscillator is

Same with other indicators - even if there are no obvious limits/bands that can be used at the first glance for an oscillator, adding some of the "dynamic" zones versions (dynamic zones / floating levels / atr bands / deviation bands / quantile bands ... just to mention some of the better known) effectively can turn any indicator into oscillator.
__________________________________

Here is just one different example that allows us to have % values (the classical oscillator interpretation of any TA analysis) by simply using one of the possible ways of "squeezing it to the limits" and, if you take a second look at the way it is drawn, you shall see all the oscillator properties on it even though it does not look like one at the first glance

Attached Image (click to enlarge)
Click to Enlarge Name: example.png Size: 95 KB


So, maybe it is better to think what is what makes an oscillator and to use some of the available tools for that (when there is a reason to have it in an oscillator way) rather than searching in the already existing oscillators since really, anything can be an oscillator. And then we are not going to look for the best - but for the one that suits our trading style and analysis needs
  • #3
  • Oct 28, 2017 6:23am Oct 28, 2017 6:23am
Quoting mladen
Why are you limiting yourself to what are known as "classical" oscillators? Anything can be an oscillator. Think of one of the most used one : the Bollinger bands : - there is an up band (limit) - there is a down band (limit) - there is a middle (zero) line Those are all elements of an oscillator ... which makes a Bollinger bands an oscillator even though majority do not think of it that way. Turning BB to classical display of an oscillator is a matter of a few lines of a code in any trading platform, but even when looked at the main chart it is...
You are right, I didn't think about Bollinger Bands.
As classical knowledge about Oscillators (or just informing yourself about Oscillators) you don't get the example of Bollinger Bands.
Actually there is always that second window underneath the chart which almost typically stands for Oscillators.
I will think about using Bollinger Bands - or something else; thus I haven't done it because I had the impression that more or less 'long termed' traders use it (>4h/1d)
But your idea gives me a new perspective on it. Thank you very much!
Check page 1 for all infos...
  • #4
  • Oct 28, 2017 7:20am Oct 28, 2017 7:20am
When it comes to Bollinger Bands for example, and it seems that you are experienced in trading with it, can you or someone give any advice what settings/ signals are important to determine?!
I know that you 'must' buy when upper band is being hitted by candle/ vise virca, but are there any other information that are important?!
[What is the best way to filter out the range?!]
Check page 1 for all infos...
  • #5
  • Oct 28, 2017 8:00am Oct 28, 2017 8:00am
doing wonders with your coding skills...amazing..
Quoting mladen
Why are you limiting yourself to what are known as "classical" oscillators? Anything can be an oscillator. Think of one of the most used one : the Bollinger bands : - there is an up band (limit) - there is a down band (limit) - there is a middle (zero) line Those are all elements of an oscillator ... which makes a Bollinger bands an oscillator even though majority do not think of it that way. Turning BB to classical display of an oscillator is a matter of a few lines of a code in any trading platform, but even when looked at the main chart it is...
Success is a Journey Not a Destination....... kind regards ramzam
  • #6
  • Oct 29, 2017 3:55am Oct 29, 2017 3:55am
Quoting mladen
Why are you limiting yourself to what are known as "classical" oscillators? Anything can be an oscillator. Think of one of the most used one : the Bollinger bands : - there is an up band (limit) - there is a down band (limit) - there is a middle (zero) line Those are all elements of an oscillator ... which makes a Bollinger bands an oscillator even though majority do not think of it that way. Turning BB to classical display of an oscillator is a matter of a few lines of a code in any trading platform, but even when looked at the main chart it is...
Is it super trend indi in the chart?
~hanuraj
  • #7
  • Oct 29, 2017 5:26am Oct 29, 2017 5:26am
What is a real range?

The question is what you are looking for. Only momentum, divergences, zero breaks, patterns (like WoodieCCI) or TLs on RSI or OBV or just the information whether the market is OB/OS. For every use you can choose you tool out of many oscis, but you can't say this or that is the best in general. Some like stochastic, most RSI/X and some MACD. Try some very low and very high periods, default isn't always useful. The same with Bollinger Bands.

Good that you don't filter ranges? Beginners try to avoid ranges. Trade ranges and you can make more money as in trends and you can trade trends as well, because breakouts are the beginning of trends. Right?

Keep it simple since trading is simple.
If the solution wasn't yet found, first we better draw a round.
  • #8
  • Edited 6:22am Oct 29, 2017 5:58am | Edited 6:22am
Quoting hanuraj
{quote} Is it super trend indi in the chart?
Nagh, that is no super trend ... that particular one is one more ongoing "experiment"
  • #9
  • Oct 29, 2017 7:17am Oct 29, 2017 7:17am
Quoting AndrewBa-
Hi, there are so many Oscillators out there... RSI, CCI, Stochastic If I really make it bad, so it looks like this - which Oscillator do you think is best to help me determine real range (& only buy&sell in best conditions)?! {image} This is RSI Edit: I search one that is working with my Indi, and lets it (the indi) buy and sell in trends, but protects it from range when it occurs.
The best oscillator is price. Pan out your chart. Price itself is an oscillator.
If you are good at something, never do it for free--Joker
  • #10
  • Oct 29, 2017 10:22am Oct 29, 2017 10:22am
try donchian channels
  • #11
  • Oct 29, 2017 11:41am Oct 29, 2017 11:41am
Quoting jmn5611
{quote} The best oscillator is price. Pan out your chart. Price itself is an oscillator.
That's correct, I forgot that. Price oscillates mostly around a fair value making it easy to trade ranges. MP ftw.
If the solution wasn't yet found, first we better draw a round.
  • #12
  • Oct 29, 2017 11:51am Oct 29, 2017 11:51am
Quoting mladen
{quote} Nagh, that is no super trend ... that particular one is one more ongoing "experiment"
really you are gifted.. what are all u need to do you can do with coding knowledge... we are poor with out coding knowledge... knocking the doors for help... so sad it is ...
Success is a Journey Not a Destination....... kind regards ramzam
  • #13
  • Oct 30, 2017 5:30am Oct 30, 2017 5:30am
It's not too late to learn Ramzam. There are 1,000 free courses on the internet.
  • #14
  • Oct 30, 2017 6:08am Oct 30, 2017 6:08am
Quoting ramzam
{quote} really you are gifted.. what are all u need to do you can do with coding knowledge... we are poor with out coding knowledge... knocking the doors for help... so sad it is ...
I 've noticed you are spending 95-99% of your time searching for indicators and for coding stuff (for couple years now). Even when at the end you arrive at the best indi to use, you become a proficient coder etc, when you try to trade you will just lose. Why? Because you should spend your time trading first and then once you are familiar with what trading is you will be able to identify which tool you need and maybe have an idea to code something useful (or explain to some other coder what you need in detail so he can build it for you). Your search for the HG indi without trading first is futile, you are missing the point.

Not my job to tell you what to do anyway, just an observation.

And btw no oscillator (bar MAs) is good (or best), they are just following price in direction of movement. Try to find something that crosses the price and then check why. Static things have more value.
  • #15
  • Oct 30, 2017 6:43am Oct 30, 2017 6:43am
The best oscillator (for me!) is Moving Average.
Like mladen wrote in the answer above, that BB can be an oscillator, MA also can be.
And personally, I often use it in this way.

This is not easily seen on naked charts, but if You'll take and analyze some performance indicator for MA, then you'll notice, that better is to sell over MA and to buy below. Especially if it is about close prices on not much trending pairs, e.g EURUSD.

Also good is MACD (Below "0" buy, over "0" sell).

When I have access to the second computer I'll send You the performance indicator for MA, so You could take a look.
It's also available here:
https://www.forexfactory.com/showthread.php?t=703689

in the first post and it is called "srednia_zarabiajaca"

Regards!

P.S. When You analyze any oscillator together with performance indicator (for that specyfic oscillator) You can use almost any for ranging.
It is possible to avoid trending markets this way.

(performance indicator - is my personal naming of indicator that is accumulatively checking the perfromance of a particular strategy, e.g. based on Moving average, MACD, or BB, basically without any money management )
  • #16
  • Oct 30, 2017 7:26am Oct 30, 2017 7:26am
Quoting clemmo17
It's not too late to learn Ramzam. There are 1,000 free courses on the internet.
side by side learning .. but it is tough one...
Success is a Journey Not a Destination....... kind regards ramzam
  • #17
  • Oct 30, 2017 7:30am Oct 30, 2017 7:30am
Quoting sakisf
{quote} I 've noticed you are spending 95-99% of your time searching for indicators and for coding stuff (for couple years now). Even when at the end you arrive at the best indi to use, you become a proficient coder etc, when you try to trade you will just lose. Why? Because you should spend your time trading first and then once you are familiar with what trading is you will be able to identify which tool you need and maybe have an idea to code something useful (or explain to some other coder what you need in detail so he can build it for you)....
yes many of results are not as expecting.. few are good.. whn i failed with automation with one indicator i stopped trading for some 10 months..... by november 1st week insha allah will back to trades...but even though trades started my requests are continue.. any one will become great one if done my requests
Success is a Journey Not a Destination....... kind regards ramzam
  • #18
  • Oct 30, 2017 10:24am Oct 30, 2017 10:24am
If I have to choose only one, I'd like to choose Stochastics. Have tried various fancy indicators here and there but stochastics still can easily beats them IMHO.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #19
  • Oct 30, 2017 10:29am Oct 30, 2017 10:29am
Hi heispark!

Why do You think Stoch is that exceptional? Which functionality of stochastic oscillator You use the most?

Regards!
  • #20
  • Oct 30, 2017 10:38am Oct 30, 2017 10:38am
Quoting marecki
Hi heispark! Why do You think Stoch is that exceptional? Which functionality of stochastic oscillator You use the most? Regards!
I adopted an idea from Alien's thread: https://www.forexfactory.com/showthr...7#post10441337
i just personally like multi stochastics approach. Stochastics is less lagging and easier to understand. It simply works to me.
Simplicity is the ultimate sophistication - Leonardo da Vinci
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