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racer8

Average Force

racer8 Updated   
Oscillators Trend Analysis
1387
28
oscillator trendanalysis
Average Force is an oscillator that calculates sentiment, then smooths the result to produce a nice indicator for determining the trend.
Release Notes:
Indicator values are now multiplied by 100. Enjoy ;)
Release Notes:
Added short title: "AF"
Added name for parameter 1: "Period"
Added name for parameter 2: "Smooth"
Special thanks to midtownsk8rguy for suggesting these names.
Release Notes:
This new script is fool proof now thanks to midtownsk8rguy.
He told me in private chat how its possible for highest - lowest = 0 to occur.
This is bad because of the formula: (close - lowest)/(highest - lowest).
The denominator would equal 0...very bad indeed, so his new script he proposed to me fixes this problem.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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