The choice of indicator depends on what you are trying to measure. 1 Momentum is best measured with momentum oscillators like Rate-of-Change and MACD. 2 Overbought/oversold levels are best measured with banded oscillators like Stochastics and RSI. 3 Trend is best measured with trend-following indicators like moving averages and Kelter Channels. 4 Volatility is best measured by using Standard Deviation or Average True Range.