Revolver Oscillator Strategy 1.2 (RSI+UO+MFI)

18 thg 8, 2022

ROS (Revolver Oscillator Strategy)
Version 1.2

Description
This script combines three popular oscillators (RSI, Ultimate Oscillator and MFI) to accurately determine the price momentum of an asset.

Context
- RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements over a period of time (14).
- Ultimate Oscillator uses three different periods (7, 14, and 28) to represent short, medium, and long-term market trends.
- Money Flow Index (MFI) is a momentum indicator that measures the flow of money into and out over a period of time. It is related to the Relative Strength Index (RSI) but incorporates volume, whereas the RSI only considers price

How does it work?
When a RED bar appears, it means that the three oscillators have exceeded the set thresholds, and it is a SELL signal.
When a GREEN bar appears, it means that the three oscillators are below the set thresholds, and it is a BUY signal.

I recommend leaving the default settings.

18 thg 8, 2022

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Fixed some bugs

18 thg 8, 2022

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New color codes
RSI: purple line
Ultimate Oscillator: red line
Money Flow Index: green line

18 thg 8, 2022

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Added a swith to deactivate MFI in the strategy calculation.

19 thg 8, 2022

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Added a swith to deactivate ULT in the strategy calculation.

23 thg 8, 2022

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Improvements in the UI.

9 thg 9, 2022

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Improvements in the UI.

2 thg 6, 2023

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Various improvements in the interface

15 thg 11, 2023

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Updated oscillator algoritm

25 thg 10, 2024

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General Update
Added QQE oscillator

14 thg 11, 2024

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Added green/red dots to indicate extreme areas
Added median wave (thanks to Fab_Coin_ )