[RS]Average Expansion Dynamic Oscillator V0

Oscillator Version.
calculation of extremes and price range for averaging movement.
while price is above market is rising, when bellow market is falling. also can discern strength from the gap of the averages.
Remove from Favorite Scripts Add to Favorite Scripts
study(title='[RS]Average Expansion Dynamic Oscillator V0', overlay=false)
window = input(title='Interval Window:', type=integer, minval=1, defval=5)
multiplier = input(title='Average Multiplier:', type=float, minval=0.01, maxval=0.99, defval=0.5)

h = valuewhen(high >= highest(window), high, 0)
l = valuewhen(low <= lowest(window), low, 0)

rising_falloff = l + ((highest(window)-l)*multiplier)
falling_falloff = h - ((h-lowest(window))*multiplier)

//plot(title='High Extreme', series=h, color=h!=h[1]?na:black)
//plot(title='Low Extreme', series=l, color=l!=l[1]?na:black)

//plot(title='+ Decay', series=rising_falloff, color=rising(rising_falloff, window)?green:silver)
//plot(title='- Decay', series=falling_falloff, color=falling(falling_falloff, window)?maroon:silver)

buy = max(close, falling_falloff)-falling_falloff
sel = min(close, rising_falloff) - rising_falloff

plot(title='+ Decay', series=buy, style=line, color=green, linewidth=1)
plot(title='- Decay', series=sel, style=line, color=maroon, linewidth=1)
plot(title='+ Decay', series=buy, style=histogram, color=green, linewidth=2)
plot(title='- Decay', series=sel, style=histogram, color=maroon, linewidth=2)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out