Those who use Oscillators for trading may be with Candlesticks or any other technical (I use it with Elliott waves and Fibonacci levels for higher confidence) may like to know that Oscillator settings must be changed with the change in market trends. For example when markets are going for a sideways correction the Oscillator settings must be different versus when they are trending
Apart from Positive or Negative Divergence Oscillator settings could play a vital role in telling many other relevant facts to note which we may miss out other wise. Here are few of them.
1) The area in the rectangle, every Oversold and Overbought zone correspond to reversal, that is because market was following that rhythm. Everything seemed coherent. Majority of traders use oscillators in this way.
Click here to read the detailed article- http://ruchirgupta.co.in/how-and-when-to-adjust-the-oscillators-such-as-rsi-or-stochastics-with-market-momentum/