vdubus

vdubus Oscillator4

Modified MacD with MA colour coded with the objective to keep you in a trend for longer custom settings included * this one is currently set for lower time frames 1m+
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study(title="vdubus Oscillator4", shorttitle="vdubOsc4")
ao = sma(hl2,14) - sma(hl2,200)
plot(ao, color = change(ao) <= 0 ? blue : green, style=line, linewidth=2)
hline(0, title="Zero", color = white, linewidth=1)
h2 = hline(0.0000, color = white, linewidth=0)
h3 = hline(-0.0000, color = white, linewidth=0)

ma = sma(hl2,7) - sma(hl2,200)
plot(ma, color = change(ma) <= 0 ? red : lime, style=line, linewidth=1)
Still testing but when 'Merged up' when price separates from the histogram indicates reversal to pull back to price level .
snapshot
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