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7 Charting Tools for Spread Betting: A practical guide to making money from spread betting with technical analysis by Malcolm Pryor

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Tool 5 – Oscillators

Background and construction

Oscillators have been in use for many decades – many of them were born in the era when the programmable calculator, and then after that the personal computer, came into existence, making the various calculations which most of them perform relatively straightforward for the trader to take advantage of.

We will look at two specific oscillators:

  1. RSI
  2. Stochastics

Just before we get into the detail of how these oscillators are constructed let’s look at a chart of the FTSE 100 with both RSI and stochastics added. The settings are comparable – we will look at settings in more detail a little later in this chapter.

For the time being just note that there are many similarities in the way that ...

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