SandroTurriate

LBR-ThreeTenOscillator

286 0 36
Linda Bradford Raschke's 3/10 oscillator. Thinking one could go long on the close of a down bar when the oscillator is above zero, essentially getting in at a discount.
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study("LBR-ThreeTenOscillator")
fastLength = input(3, minval=1)
slowLength = input(10, minval=2)
MALength = input(16, minval=1)

fastsma = sma(close, fastLength)
slowsma = sma(close, slowLength)
diff = fastsma-slowsma
plot(diff, style=histogram, color=diff >= 0 ? green : red)
plot(sma(diff, MALength))
plot(0)
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