Mango2Juice

M-Oscillator

M-Oscillator developed By Mohamed Fawzy, MFTA, CFTe
as Written in IFTA Journal 2018 Edition
more info : http://ifta.org/public/files/journal/d_i...

Interpretation
• M-Oscillator is a bounded oscillator that moves between (-14) and (+14),
• Movement above 10 is considered overbought, and movement below -10 is oversold.

Overbought/Oversold rule:
• Buy when the M-Oscillator violates the (-10) level to the downside and crosses back to the upside.
• Sell when the M-Oscillator crosses above the (+10) level and crosses back to the downside.

Crossover on Extreme Levels
• Sell signals are triggered when the M-Oscillator crosses its signal line above (13), which indicates an extreme market condition
• Buy signals are triggered when the M-Oscillator crosses its signal line below (- 13)
Release Notes: added input Length and Source
Open-source script

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