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Oscillators work perfectly on a “sideway” market, i.e. the price varies in a definite corridor. In case of a trend the oscillator signals must be filtered by trend-filter. Trading must be only in the direction of a trend. Oscillators are good by giving signals quite quickly, before the trend changes. That makes them very fast and allows to catch even small trends and make tens of Pips more. BUT they have their drawbacks, namely FALSE signals. Because of the indicators reacting well on any fluctuation of the market, they can catch false signals on slight price kickbacks. That makes them very unpractical.
Another type of indicators is based on Moving Avarage (M.A.). They are quite popular among traders and look great on charts. BUT there is one BUT. Almost all indicators that are based on M.A. give signals with a significant delay, but at that signals are quite stable.
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