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Bagot Price Oscillator "BPO"

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Oscillators Centered Oscillators Trend Analysis
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oscillator centeredoscillator trendanalysis
This is BP Oscillator / Bagot Price Oscillator
It is part of the Rabbit hole algorithm/ strategy which jets to be revealed
but works stand aloe very good

Initial idea: When lines cross it signals you change of trend
but since reversal trading is a sucker game, you should wait for your baseline to get broken in the signal direction

blue - long
red - short

Baseline options: any style of MA or line on chart indicator, speed of baseline for this oscillator needs to be on the faster side of mid-speed settings, ex.: if you would be using MA that would be around 15, for HMA round 20 -30

Important
The slower line "50" of the BPO needs to be set to: is centered

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.

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