OPEN-SOURCE SCRIPT
Average Difference Oscillator
Average Difference is a simple, yet powerful oscillator that can be used for entries or exits.
The indicator was made from scratch, so it's 100% original!
Calculation:
1) Difference = Close - Previous close
2) Average Difference = Sma (Difference, n periods)
How to interpret colors:
Green = Bullish
Red = Bearish
Default setting: 13 (For entries)
Enjoy, and hit the follow button to follow my latest indicators!
The indicator was made from scratch, so it's 100% original!
Calculation:
1) Difference = Close - Previous close
2) Average Difference = Sma (Difference, n periods)
How to interpret colors:
Green = Bullish
Red = Bearish
Default setting: 13 (For entries)
Enjoy, and hit the follow button to follow my latest indicators!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.