Elemental Force Oscillator

29 thg 4, 2020

Elemental Force Oscillator calculates the magnitude & force of an individual candle by taking in information about it's high, low, and close, and comparing that to the previous candle's high, low, and close. Sounds like physics, eh?

It's my attempt to create a unifying oscillator. In other words a holy grail indicator.
It's not exactly holy grail, but it does better than most indicators because it takes the hlc of all candles for n periods.

This indicator is similar to Riley's Force Index (another indicator that I created before).
So if you like this one, you'll probably like RFI too.

For optimal performance, my recommended setting is 10.

Good luck traders, and as always, happy trading!

29 thg 4, 2020

Phát hành các Ghi chú

Zero line removed.

28 thg 8, 2020

Phát hành các Ghi chú

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EFO now has enhanced graphics.

7 thg 9, 2020

Phát hành các Ghi chú

Increased linewidth.

7 thg 9, 2020

Phát hành các Ghi chú

Added background colors.