PROTECTED SOURCE SCRIPT
Updated LuauDesign's Oscillator v1
I wanted to make an indicator that behaved similarly to Parallel Channels. This is what I currently have.
Blue Oscillator for uptrend. Red Oscillator for downtrend. Both for ranges.
Recommended periods are powers of two (16, 32, 64, 128, 256), which should be adjusted according to volatility.
There's a alternate version of this same code that shows Price Bands instead. Easier to spot trend direction and how price responds to each Channel.
Blue Oscillator for uptrend. Red Oscillator for downtrend. Both for ranges.
Recommended periods are powers of two (16, 32, 64, 128, 256), which should be adjusted according to volatility.
There's a alternate version of this same code that shows Price Bands instead. Easier to spot trend direction and how price responds to each Channel.
Release Notes
Better colors and better preview imageProtected 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.