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⚛SHO - Simple Harmonic Oscillator by Cryptorhythms
⚛SHO - Simple Harmonic Oscillator by Cryptorhythms
Intro
SHO – Simple Harmonic Oscillator - A Time Cycle Oscillator. Published in IFTA Journal 2018 by Akram El Sherbini.
Description
Bullish signals are generated when SHO crosses over 0
Bearish signals are generated when SHO crosses under 0
OverBought level is 40
OverSold level is -40
ExtremeOB level is 60
ExtremeOS level is -60
As with most oscillators, divergences can be taken advantage of.
Zero line represent the point of control between bears and bulls. A companion indicator to the Simple Harmonic Index (tradingview.com/script/g0JrG7wK-SHI-Simple-Harmonic-Index-by-Cryptorhythms/)
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
Intro
SHO – Simple Harmonic Oscillator - A Time Cycle Oscillator. Published in IFTA Journal 2018 by Akram El Sherbini.
Description
Bullish signals are generated when SHO crosses over 0
Bearish signals are generated when SHO crosses under 0
OverBought level is 40
OverSold level is -40
ExtremeOB level is 60
ExtremeOS level is -60
As with most oscillators, divergences can be taken advantage of.
Zero line represent the point of control between bears and bulls. A companion indicator to the Simple Harmonic Index (tradingview.com/script/g0JrG7wK-SHI-Simple-Harmonic-Index-by-Cryptorhythms/)
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me/cryptorhythms
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