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Price Oscillator (POSC) Indicator
06.01.2012
The Price Oscillator indicator charts the relationship between two moving averages (default 14-day & 24-day). The Price Oscillator can be used to signal entry and exit points.
Possible Buy Signals:
- When the indicator line crosses and moves above the zero line. The line will cross pass zero when there is no difference between the two moving averages.
- Strong positive divergence. This is when the price is trending downwards, but the indicator is on the up. This would indicate that the market downturn is nearing the end and should turn bullish.
Possible Sell Signals:
- The indicator line drops below the zero line.
- Strong negative divergence. This is when the instrument price is moving upwards, but the indicator is heading downwards. This indicates that the market may turn bearish and that the price increase isn’t set to continue.
If you wish to apply the Price Oscillator to a chart go to:
Trading > Charts > 
> Oscillators > POSC
As you can see from the screenshot below, there are numerous settings that can be changed to suit your own preferences. The default MA’S are 14-days and 24. You can also adjust the indicators appearance as well as how it’s calculated.
The screenshot below shows the Price Oscillator indicator as a separate pane on a EURUSD chart. You can edit the indicator at any time by clicking on the indicator name located on the top left.
You may also wish to change the chart style too. The default chart is a Bar HCL, you can change this by selecting from the drop down menu. You can also adjust the time period. The default range is 30 minutes, but this can be changed to anything from 1 minute to Monthly. You can even create your own custom time period.
If you wish to change the default settings, right click on the chart and select:
Settings > Default Settings