20813

LBR Oscillator

Oscillator used by Linda Bradford Raschke.

Basicly it's a MACD with 3/10/16 settings but without the histogram (difference between fast and slow line), instead the shown histogram is based on the fastline (green bars = fastline above zero). The color of the lines will tell you if the line is falling (red) or rising (green).

In terms of setups dont just buy or sell if a line is changing its color. Look for divergences or setups like first cross or anti.
Remove from Favorite Scripts Add to Favorite Scripts
study("LBR Oscillator", shorttitle="LBR_OSC")
fast = input(title="Fast Length", type=integer, defval=3)
slow = input(title="Slow Length", type=integer, defval=10)
smoothing = input(title="Signal Smoothing", type=integer, defval=16)

[fastline, slowline, histline] = macd(close,fast,slow,smoothing)

plot(0, color=gray)
plot(fastline, color=fastline > 0 ? green : red, style=histogram)
plot(fastline, color=fastline > fastline[1] ? green :red)
plot(slowline, color=slowline > slowline[1] ? green : red)
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out