Objective: to identify the strength of the asset price trend based on several oscillators in order to generate a buy and sell signal.
Oscillators used: Relative Strength Index , Stochastic , Commodity Channel Index , Awesome Oscillator , Momentum , MACD , Stochastic RSI , Williams % and Ultimate Oscillator (soon we will select more suitable oscillators for this indicator).
Parameters and optimization: the simplicity of this indicator's functionality consists of optimizing only the percentage of the buying force and the percentage of the selling force instead of optimizing each parameter of the oscillators used. As a standard parameter, we use 70% for both sides, when the strength of the indicator is greater than or equal to 70%, the buy or sell signal is generated.
Data panel: the panel is divided into three parts, the first part makes it possible to analyze in real time the performance of the oscillators for the current graph, the second part the possibility to analyze the buying and selling forces in real time for the current graph and in the third part , the feature allows you to analyze the forces in the times of 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 1 day, 1 week and 1 month (the green color indicates buying strength and the red color indicates selling strength).
It is recommended to use the signal after closing the current bar.