with a twist. The values are calculated differently depending upon whether the is above or below the centre point. I have found this gives:
- More pronounced divergences which are easier to spot and more accurate at predicting local top and bottoms
- More accurate indications of overbought/oversold conditions.
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.