# Oscillators

> "Oscillators tell you when to act, not which direction to trade."  Unknown

Oscillators fluctuate above and below a centerline or within bounded ranges. Useful for identifying overbought/oversold conditions, momentum shifts, and divergences. Best in ranging markets; trend-following indicators work better in trending markets.

| Indicator | Full Name | Description |
| :--- | :--- | :--- |
| [AC](ac/Ac.md) | Acceleration Oscillator | Second derivative of AO. Measures acceleration of market driving force. |
| [AO](ao/Ao.md) | Awesome Oscillator | 5-period SMA minus 34-period SMA of bar midpoint. Bill Williams creation. |
| [APO](apo/Apo.md) | Absolute Price Oscillator | Raw currency difference between fast and slow EMAs. Unbounded. |
| [BBB](bbb/Bbb.md) | Bollinger %B | Position within Bollinger Bands. 0=lower band, 1=upper band. |
| [BBS](bbs/Bbs.md) | Bollinger Band Squeeze | BB width < KC width indicates consolidation. Breakout imminent. |
| [CFO](cfo/Cfo.md) | Chande Forecast Oscillator | Percentage difference between price and linear regression forecast. |
| [DPO](dpo/Dpo.md) | Detrended Price Oscillator | Removes trend via displaced SMA. Reveals cycles. |
| [FISHER](fisher/Fisher.md) | Fisher Transform | Converts prices to Gaussian distribution. Sharp reversals. |
| [INERTIA](inertia/Inertia.md) | Inertia | Linear regression residual. Raw deviation from trend forecast. |
| [KDJ](kdj/Kdj.md) | KDJ Indicator | Enhanced Stochastic. J = 3K - 2D provides leading signal. |
| [PGO](pgo/Pgo.md) | Pretty Good Oscillator | Distance from SMA normalized by ATR. Units: ATR multiples. |
| [SMI](smi/Smi.md) | Stochastic Momentum Index | Distance from range midpoint. More sensitive than classic Stochastic. |
| [STOCH](stoch/Stoch.md) | Stochastic Oscillator | Close position within N-period high-low range. Classic overbought/oversold. |
| [STOCHF](stochf/Stochf.md) | Stochastic Fast | Unsmoothed Stochastic. Faster but noisier. |
| [STOCHRSI](stochrsi/Stochrsi.md) | Stochastic RSI | Stochastic applied to RSI. More sensitive than either alone. |
| [TRIX](trix/Trix.md) | Triple Exponential Average | ROC of triple EMA. Filters noise through three smoothings. |
| [TTM_WAVE](ttm_wave/TtmWave.md) | TTM Wave | Fibonacci-period MACD composite (Waves A/B/C). John Carter. |
| [ULTOSC](ultosc/Ultosc.md) | Ultimate Oscillator | Multi-timeframe oscillator. Combines 7, 14, 28 period buying pressure. |
| [WILLR](willr/Willr.md) | Williams %R | Inverse Stochastic. -100 to 0 range. Overbought/oversold. |