Swing index is an index whose value fluctuates between set horizontal values or around a central line. The shock index can remain at the extreme level (oversold or overbought) for a long time, but it will not keep the trend and the direction will remain unchanged.
OSC index is an oscillation index.
This index is also an analytical index derived from the moving average principle, which reflects the difference between the current price and the average price over a period of time. According to the moving average principle, the price trend can be inferred from the value of OSC. If you stay away from the average, you are likely to return to the average.
Take the 10th OSC as an example:
1, the vibration index takes 0 as the center line, OSC is above the zero line, and the market is in a strong position; OSC is below the zero line and the market is in a weak position.
2.OSC crosses the zero line and the market is strong, which can be regarded as a buying signal. On the contrary, OSC continues to fall below the zero line, and the market weakens, so we should pay attention to selling.
3. If the OSC is far from the zero line, that is, the price is far from the average line, we should pay attention to the fact that the price is likely to return to the average line. How bad the OSC value is depends on experience.
Have a nice day!