By Giorgos Protonotarios, Financial Analyst
■ SHORT DESCRIPTION
PRECISION is an oscillator designed to enhance with price and make it much more accurate on longer time frames. The oscillator aims to identify overbought/oversold market levels, and it is ideal for analyzing volatile markets such as the cryptocurrency market.
PRECISION is extensively tested and optimized to work properly with any financial-traded asset. However, there is the option to customize settings, in order to match any out-of-the-ordinary market conditions.
■ PRECISION MISSION
To enhance and make it more accurate on longer time frames, and especially during market tops/bottoms.
■ PRECISION OBJECTIVES
The PRECISION formula combines readings with the periodic measurement of market . The main objectives are:
(1) identify overbought/oversold market levels in a simple and user-friendly manner
(2) make precise calculations near market tops and bottoms, where price is always booming
(3) make precise calculations on longer time frames (monthly, weekly) where readings are hardly readable
(4) allowing traders to experiment by offering a plethora of different settings
■ PRECISION CALCULATIONS
The PRECISION consists of 3 components:
(b) Price measurement (on a periodic base and according to the selected time frame)
(c) measurement (optional)
■ BASIC SETTINGS
There are plenty of parameters. Negative values are allowed in order to enhance user experimentation:
The is most typically used on a 14-period timeframe. However, you can perfectly use PRECISION on a 21-period timeframe. By default, it is 14.
--RSI FACTOR (%)
You can adjust the weight of readings in the formula. By default, it is 100%.
--PERIODIC PRICE (%)
You can adjust the weight of Periodic Price in the formula. If you enter the value=0, then the formula becomes the classic . By default, it is 100%.
--ADD PERIODIC (%)
This is an extra measurement of . This time the focus is exclusively on periodic , not on price . By default, it is 0%.
You can create visual signals on any significant PRECISION crossover/crossunder.
The base level is the level of PRECISION equilibrium. Below the level of equilibrium, PRECISION readings are colored in red. By default, it is 50.
□ Giorgos Protonotarios