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What are the differences between the oscillators?

  • RSI – “Relative Strength Index” 
    • This shows the price strength by comparing upward and downward close-to-close movements. RSI will grade the price movement exhibited between candles for the last N periods.
  • MACD – “Moving average Convergence/Divergence”
    • A trend-following momentum indicator that shows the relationship between two moving averages of prices. It can demonstrate market momentum.
  • Stochastic
    • This shows the location of the current close relative to the high/low range over a set number of periods. Stochastics can help determine when a currency pair is overbought or oversold.
  • CCI – “Commodity Channel Index”
    •  This measures the position of price in relation to its moving average. It can show if a currency pair may be overbought or oversold.

How to add indicators in Trading Station or MetaTrader 4.