Includes a Bollinger Band for bounds that forms a trend follower based on the 0 point. Includes CheatCountry color code signals, different color scheme. Bright colors are strong signals, ark are weak, green bull, red bear, the basics. Switches for Bollinger Band color codes, which can actually be useful signals.
This oscillator can be used for divergences, trends, signal strength, confirmation, volatility readings, you name it.
It is a comparative oscillator, that compares adaptively smoothed, weighted modified Change of Gravity oscillators between 2 symbols and multiple lengths to determine directional momentum as one asset compares to another.
The default uses the Crypto TOTAL market cap to help trade cryptocurrencies. You will notice that BTC will give sell signals in uptrends at times. That is because it is being compared to an index of the total Crypto market cap, and since alt-coins move faster, BTC will lag behind this index.
Give CheatCountry a follow, hes one of the MVPs of Tradingview Pinescripters, constantly giving us access to novel new concepts as they are published by professionals.
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Added proper annotations to Cheatcountry scripts where they are referenced.
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decimals allowed
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Added switch to only show the bollinger bands that are in above and below the oscillator line to improve visibility when bands are large.
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New Colors!
Center Line now reflects trend based on oscillator instead of MA!
Bollinger Bands now reflect color either based on Expansion and Shrinkage, (purple/yellow) or MA vs 0 line!