PROTECTED SOURCE SCRIPT
Atualizado SB Average Gain/Loss Oscillator
I created an algorithm to analyze overbought/oversold levels through the use of average gain/loss.
This method of measurement is utilizing the 20 period and 50 period moving averages.
Light Green: 20 Period Oversold
Dark Green: 50 Period Oversold
Green Dot: 20 and 50 Period Oversold
Light Red: 20 Period Overbought
Dark Red: 50 Period Overbought
Red Dot: 20 and 50 Period Overbought
Places of overlap green/red would be considered indecision and/or volatility in both directions.
I would consider this more of an sentiment indicator, bullish/bearish. The reason for this classification is that its only using price action. No real technical indicators other than period gain/loss).
This method of measurement is utilizing the 20 period and 50 period moving averages.
Light Green: 20 Period Oversold
Dark Green: 50 Period Oversold
Green Dot: 20 and 50 Period Oversold
Light Red: 20 Period Overbought
Dark Red: 50 Period Overbought
Red Dot: 20 and 50 Period Overbought
Places of overlap green/red would be considered indecision and/or volatility in both directions.
I would consider this more of an sentiment indicator, bullish/bearish. The reason for this classification is that its only using price action. No real technical indicators other than period gain/loss).
Notas de Lançamento
I updated the chart so that I am now in compliance with the rules and guidelines of the community.Notas de Lançamento
Changed the line colors from black to green/red.Green line is the 20 moving average of the average gain/loss oscillator
Red line is the 50 moving average of the average gain/loss oscillator
I also added MTF settings so the user could change the time frame of the indicator.
Notas de Lançamento
Updated color scheme to match a few of my other indicators.Notas de Lançamento
Removed indicators from the chart to abide by TV rules.Notas de Lançamento
Changed background colorsScript protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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 protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.