OPEN-SOURCE SCRIPT
Stochastic Moving Average Delta Oscillator (SMADO)
This is an interesting take on the stochastic oscillator. What I have done here is I've taken the cumulative sum of the deltas of all the simple moving averages from 1 to 200 and summed them. Next I transform this into a stochastic oscillator with ta.stoch. The point of this is to show you trends, tops and bottoms. I hope you find this indicator as interesting as I did. Please enjoy!
The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.
The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.