Let’s discuss some concepts first. There are two types of indicators: leading and lagging.

A leading indicator gives a buy signal before the new trend or reversal occurs.

A lagging indicator gives a signal after the trend has started and basically informs you “hey buddy, pay attention, the trend has started, you’re missing the boat.”

Oscillators and Trend Following Indicators

1. Oscillators are leading indicators.–> I use Stochastic
2. Trend following or momentum indicators are lagging indicators.–> I use MACD

Below here is an example of chart template that including Sto-MACD indicator.