Question: Is the Stochastic Oscillator the best oscillator indicator?

Question: Is the Stochastic Oscillator the best oscillator indicator?

Answer

By itself, the Stochastic Oscillator does not give traders enough information to be completely reliable. Rather, it should be paired with other indicators to give a more reliable signal. The best pairing is to combine the Stochastic Oscillator with the Stochastic Oscillator. The two are complementary and will confirm the changes in dynamics. Other good combinations are with the relative strength index (RSI) or with the convergence/divergence of moving averages (MACD). These combinations help make the Stochastic Oscillator the best oscillator indicator.