QuanTAlib/lib/oscillators/_index.md

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	Acceleration Oscillator	Second derivative of AO. Measures acceleration of market driving force.
AO	Awesome Oscillator	5-period SMA minus 34-period SMA of bar midpoint. Bill Williams creation.
APO	Absolute Price Oscillator	Raw currency difference between fast and slow EMAs. Unbounded.
BBB	Bollinger %B	Position within Bollinger Bands. 0=lower band, 1=upper band.
BBS	Bollinger Band Squeeze	BB width < KC width indicates consolidation. Breakout imminent.
CFO	Chande Forecast Oscillator	Percentage difference between price and linear regression forecast.
DPO	Detrended Price Oscillator	Removes trend via displaced SMA. Reveals cycles.
FISHER	Fisher Transform	Converts prices to Gaussian distribution. Sharp reversals.
INERTIA	Inertia	Trend strength from distance to linear regression line.
KDJ	KDJ Indicator	Enhanced Stochastic. J = 3K - 2D provides leading signal.
PGO	Pretty Good Oscillator	Distance from SMA normalized by ATR. Units: ATR multiples.
SMI	Stochastic Momentum Index	Distance from range midpoint. More sensitive than classic Stochastic.
STOCH	Stochastic Oscillator	Close position within N-period high-low range. Classic overbought/oversold.
STOCHF	Stochastic Fast	Unsmoothed Stochastic. Faster but noisier.
STOCHRSI	Stochastic RSI	Stochastic applied to RSI. More sensitive than either alone.
TRIX	Triple Exponential Average	ROC of triple EMA. Filters noise through three smoothings.
ULTOSC	Ultimate Oscillator	Multi-timeframe oscillator. Combines 7, 14, 28 period buying pressure.
WILLR	Williams %R	Inverse Stochastic. -100 to 0 range. Overbought/oversold.