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Dynamic Price Oscillator [CHE]
Dynamic Price Oscillator [CHE]
Overview:
Welcome to the Dynamic Price Oscillator [CHE]! This indicator is designed to help traders identify potential trend reversals and divergences by comparing short-term and long-term price movements in percentage terms. It’s a powerful tool to enhance your trading strategies by spotting bullish and bearish divergences effectively.
Key Features:
Dynamic Oscillator Calculation: The DPO calculates the percentage difference between two EMAs (Exponential Moving Averages), offering insight into the relative strength of price movements.
Bullish & Bearish Divergence Detection:
The indicator highlights divergences between price and the oscillator, allowing you to identify potential reversal points with ease.
Long-Term Divergence Option: Enable or disable long-term divergences to focus on either short-term trends or broader market movements.
High/Low Markers:
Visual markers for significant peaks and troughs in the DPO, helping you quickly spot potential trade setups.
Custom Alerts: Set up alerts for both bullish and bearish divergence signals, ensuring you never miss an important opportunity.
How to Use:
Bullish Divergence: A bullish divergence occurs when price is making lower lows, but the DPO shows higher lows. This can indicate a potential reversal to the upside.
Bearish Divergence: A bearish divergence happens when price is making higher highs, but the DPO shows lower highs. This can signal a potential downside reversal.
Customizable Settings: Adjust the fast and slow EMA periods, smoothing factor, and divergence lookback to fit your personal trading style.
Ideal For:
Swing traders and day traders looking for early signs of market reversals.
Those who want a clear, visual representation of divergence between price and momentum.
Traders who appreciate flexibility with customizable parameters and built-in alerts.
Why Use Dynamic Price Oscillator [CHE]?
This indicator gives you the edge by providing a reliable way to measure price momentum and detect divergences that are often missed by other indicators. With the option to enable long-term divergences, you can tailor the indicator to fit both short-term and long-term strategies.
Give it a try and see how the Dynamic Price Oscillator [CHE] can enhance your trading performance!
Best regards Chervolino
Overview:
Welcome to the Dynamic Price Oscillator [CHE]! This indicator is designed to help traders identify potential trend reversals and divergences by comparing short-term and long-term price movements in percentage terms. It’s a powerful tool to enhance your trading strategies by spotting bullish and bearish divergences effectively.
Key Features:
Dynamic Oscillator Calculation: The DPO calculates the percentage difference between two EMAs (Exponential Moving Averages), offering insight into the relative strength of price movements.
Bullish & Bearish Divergence Detection:
The indicator highlights divergences between price and the oscillator, allowing you to identify potential reversal points with ease.
Long-Term Divergence Option: Enable or disable long-term divergences to focus on either short-term trends or broader market movements.
High/Low Markers:
Visual markers for significant peaks and troughs in the DPO, helping you quickly spot potential trade setups.
Custom Alerts: Set up alerts for both bullish and bearish divergence signals, ensuring you never miss an important opportunity.
How to Use:
Bullish Divergence: A bullish divergence occurs when price is making lower lows, but the DPO shows higher lows. This can indicate a potential reversal to the upside.
Bearish Divergence: A bearish divergence happens when price is making higher highs, but the DPO shows lower highs. This can signal a potential downside reversal.
Customizable Settings: Adjust the fast and slow EMA periods, smoothing factor, and divergence lookback to fit your personal trading style.
Ideal For:
Swing traders and day traders looking for early signs of market reversals.
Those who want a clear, visual representation of divergence between price and momentum.
Traders who appreciate flexibility with customizable parameters and built-in alerts.
Why Use Dynamic Price Oscillator [CHE]?
This indicator gives you the edge by providing a reliable way to measure price momentum and detect divergences that are often missed by other indicators. With the option to enable long-term divergences, you can tailor the indicator to fit both short-term and long-term strategies.
Give it a try and see how the Dynamic Price Oscillator [CHE] can enhance your trading performance!
Best regards Chervolino
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.