Momentum Oscillator
One of the most reliable technical studies was adapted through multiple indicators integrated into the primary proprietary oscillator.
This Oscillator swings between two extreme values for displaying overbought or oversold conditions.
When traders sense that a market is trending and continue buying creating an overbought position,
an oscillator will swing in a downward direction. Buyers become Sellers.
When traders sense that a market is below fair value, oversold oscillators swing in upward direction. Sellers now become Buyers.
MyTradingScripts oscillator will display extreme values, a peak high and a lowest low.
These green or red histograms conditions are enabled for possible changed in trend direction
A green histogram signals that the existing downtrend (red arrows) is coming to a possible end.
An red histogram signals the existing uptrend (green arrows) is coming to a possible end.
These histogram often appears even before the oscillator changes from Red down trending arrows to Green up trending arrows.
Utilize this Momentum Oscillator in synchronicity with our Dynamic Candlesticks, and Alert indicator and discover your true trading potential !
we deliver user-friendly script solutions aimed at achieving superior results for traders
Follow us....
This Oscillator swings between two extreme values for displaying overbought or oversold conditions.
When traders sense that a market is trending and continue buying creating an overbought position,
an oscillator will swing in a downward direction. Buyers become Sellers.
When traders sense that a market is below fair value, oversold oscillators swing in upward direction. Sellers now become Buyers.
MyTradingScripts oscillator will display extreme values, a peak high and a lowest low.
These green or red histograms conditions are enabled for possible changed in trend direction
A green histogram signals that the existing downtrend (red arrows) is coming to a possible end.
An red histogram signals the existing uptrend (green arrows) is coming to a possible end.
These histogram often appears even before the oscillator changes from Red down trending arrows to Green up trending arrows.
Utilize this Momentum Oscillator in synchronicity with our Dynamic Candlesticks, and Alert indicator and discover your true trading potential !
we deliver user-friendly script solutions aimed at achieving superior results for traders
Follow us....