Some traders believe that Oscillators are some magic indicator. Rest assured when I tell you they are not. Oscillators’ primary use is not to tell you whether to buy or sell. Instead, they alert you when it might be a good time to execute a buy or sell strategy. That is a huge difference. Those who attempt to use Oscillators as an ultimate buy or sell signal should be ready to learn a harsh lesson. However, those who will use it to fine-tune their timing will find Oscillators a potent tool.
Oscillators work great in most timeframes and most markets. They even work great for bitcoin and cryptocurrencies and gold and oil.
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