PROTECTED SOURCE SCRIPT
Directional Index Oscillator
Directional Index Oscillator (DIOSC) is +DI and -DI diferrence oscillator.
You can use this indicator 2 different way.
1. Cross over and cross under with DIOSC and its MA.
2. Price and indicator divergences.
BUY Signal: If DIOSC is red (and relatively big at negative side) and cross over the MA line. Or DIOSC have a positive divergence with price lows.
SELL Signal: If DIOSC is green (and relatively big at positive side) and cross under the MA line. Or DIOSC have a negative divergence with price highs.
You can use this indicator 2 different way.
1. Cross over and cross under with DIOSC and its MA.
2. Price and indicator divergences.
BUY Signal: If DIOSC is red (and relatively big at negative side) and cross over the MA line. Or DIOSC have a positive divergence with price lows.
SELL Signal: If DIOSC is green (and relatively big at positive side) and cross under the MA line. Or DIOSC have a negative divergence with price highs.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.