ProAlgo Oscillator

6 ביולי 2021

The ProAlgo Oscillator is a momentum based oscillator created using a RSI based approach to trading. The oscillator rises with relative volume and velocity of price action and falls with the opposite. Amongst the signals, there are Bull Bear and R which stands for reversal. Bull and Bear indicates a moment of dying momentum on the oscillator and signifies a trend reversal in the opposite direction. However, the R which stands for reversal has a much higher accuracy % because it also takes into consideration key privot points

This indicator is designed to be used with the ProAlgo indicator and should be not be used to make entries and exits without other analysis.

4 בספט׳ 2021

הערות שחרור

V 2.00 completely revamps the indicator. It now includes a basic and an advaced mode. Basic is a re configured stochastic with colored candles on the main chart. Buy and sell signals were added an extremely advanced. Advanced mode is a reconfigured momentum/volume oscillator with entry exit signals as well and clear indication of over bought over sold levels.

28 בספט׳ 2021

הערות שחרור

V2.2 Added in bearish and bullish divergence for the stochastic portion and added alerts for the signals.

13 באוק׳ 2021

הערות שחרור

Minor bug fix

22 בנוב׳ 2021

הערות שחרור

fixed alert issues and added more alerts