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v3j3v
Sep 14, 2022 12:40 PM

Nonlinear Parametric Oscillator - PSO 

S&P 500SP

Description

This script is in development phase and may be buggy. use with your own risk. The idea here is to determine the sinusoidal directional changes in the supply and demand. Based on direction, you can enter and make huge gains. Recommended to use on 1 min chart. The sideways market would be indicated as flattening in the respective bands. There are four bands, bottom one is where market is in BEAR mode and top one is when market is in BULL mode.

The indicator doesnt work well when the ticker price is less than 10 dollars, i am working on it. Do not use on penny stocks, for the time. More-details when I make this a robust version.
Comments
LaplacePoint
This is so good, but the timeframe depends on the asset - 3,5,15 minutes. Scalping like a GOD
This formula has a name or is just based on experience? :))) Also, is V3-M10 or will be available?
Thank you, man :)
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