Technical analysis tools which provide buy and sell signals, characterized by a signal that oscillates between: overbought and oversold levels.

In layman's terms, oscillators are based on the principle that prices are likely to "consolidate" or "regroup" after a sustained run either up or down. Technical analysts use oscillators to describe the recent price activity of a commodity or security in mathematical terms, relative to a fixed range of possible values. Oscillators show an Overbought signal when a commodity has gone predominantly up for a period of time, indicating that the commodity is due for a pull-back. Oscillators show an Oversold signal when a commodity has gone predominantly down for a period of time, indicating that the commodity is due for a rebound. Examples of commonly used oscillators include the Relative Strength Index (RSI), Rate of Change (ROC) and Moving Average Convergence/Divergence (MACD).

Technical indicators that determine when a market is in an overbought or oversold condition.

Oscillators make the sound inside your synth. They vibrate much too fast to be seen with the naked eye, which is why you have to use your ears instead.

Oscillators are defaulted to plot in their own area directly below the price action. They share the time (y) axis but not the price (x) axis, although they can be overlaid onto the price action if required.