High & Low Oscillator 13x8 Cross — Indicator by cns

Oscillator for various uses, divergence versus price action and "0" crossing of trend/move change among others. Use with caution

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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Want to use this script on a chart?

study(title="High & Low Oscillator 13x8 Cross", shorttitle="HALO Cross")
src = close, len = input(13, minval=2, title="Length")
top = (highest(src,len)) //df
bottom = (lowest(src,len))
range=(top-bottom)
HALO=((close-top)+(close-bottom))/range
plot(ema(HALO,13), color=red)
plot(ema(HALO,8), color=blue)