Oscillators Advice

Hi,

I was looking for some opinions on what is the best Technical Indicator for highlighting when a currency pair is oversold/bought and is due for a reversal.

If you could post the parimeters also, I`d be very grateful.

Thanks

Hello,

I have discovered that there is no such thing as overbought or oversold, but if you want to see a good way to use an oscillator as a "confirmation" of a trade setup take a look at Phil Nels' 4Hr strategy thread. There is a lot of good info there.

It depends of TF That you use...Stochastic and RSI are very good, but in some TF, Stoch 8,3,3 is good...others, to swing, maybe 40,8,3 and so on

Best Regards,
Marcelo Marques