An oscillator is a type of technical analysis indicator, bound by an upper and lower extreme (often between 1 and 100) and used to provide overbought, oversold, entry and exit signals. |
Generally, signals that the market is overbought occur when the oscillator reaches its upper limits, and oversold signals occur when the oscillator reaches its lower limits. Entry & Exit signals may come with centerline crossovers and patterns specific to certain indicators.
