Percentage Oscillator

26 thg 5, 2019

Using momentum calculations on multiple time frames and adding everything together into 4 separate directions:
1- green: the strength and momentum in +45 to +90 degrees angle
2- blue: the strength and momentum in 0 to +45 degrees angle
3- orange: the strength and momentum in 0 to -45 degrees angle
4- red: the strength and momentum in -45 to -90 degrees angle

Single parameter to control the size of the largest moving window.

Uptrend is green with orange corrections
Downtrend is red with blue corrections

When downtrend turns into uptrend, blue becomes green
When uptrend turns into downtrend, orange becomes red

The natural cycle of the market is RED->BLUE->GREEN->ORANGE and so on, you will see the cycle repeats itself 3 times before a break up\down. The strength of the movement depends on the height and width of all the waves that created the 3 cycle movement (reminds Elliot in an oscillatory representation)

The script is provided as is, there are no trading strategies implied or recommended.
Feel free to PM with questions

26 thg 5, 2019

Phát hành các Ghi chú

Added background boxes