oscillator of bands
study(title="Yacine EMA Bands osc", shorttitle="YEMAB", overlay=false)
source = close
length = input(125, minval=1, title = "EMA Length")
atrlen = input(500, minval=1, title = "ATR Length")
mult1 = input(3.2, minval=1, title = "Deviation multiplier 1")
mult2 = input(6.4, minval=1, title = "Deviation multiplier 2")
mult3 = input(9.5, minval=1, title = "Deviation multiplier 3")
ma = ema(source, length)
range = tr
rangema = ema(range, atrlen)
up1 = ma + rangema * mult1
up2 = ma + rangema * mult2
up3 = ma + rangema * mult3
dn1 = ma - rangema * mult1
dn2 = ma - rangema * mult2
dn3 = ma - rangema * mult3
osc=iff(hl2>up1,4,iff(hl2<dn3,-4,
iff(hl2<up1 and hl2>up2,3,iff(hl2>dn3 and hl2<dn2,-3,
iff(hl2<up2 and hl2>up3,2,iff(hl2>dn2 and hl2<dn1,-2,
iff(hl2<up3 and hl2>ma,1, iff(hl2>dn1 and hl2<ma,-1,0))))))))
plot(osc)
hline(0)
cooney_s
⋅
chart with a few notes...
QuantitativeExhaustion
⋅
Solid
thomas9100
⋅
Thanks for that indicator, thats a very Good idea :D
oscillator of bands
study(title="Yacine EMA Bands osc", shorttitle="YEMAB", overlay=false)
source = close
length = input(125, minval=1, title = "EMA Length")
atrlen = input(500, minval=1, title = "ATR Length")
mult1 = input(3.2, minval=1, title = "Deviation multiplier 1")
mult2 = input(6.4, minval=1, title = "Deviation multiplier 2")
mult3 = input(9.5, minval=1, title = "Deviation multiplier 3")
ma = ema(source, length)
range = tr
rangema = ema(range, atrlen)
up1 = ma + rangema * mult1
up2 = ma + rangema * mult2
up3 = ma + rangema * mult3
dn1 = ma - rangema * mult1
dn2 = ma - rangema * mult2
dn3 = ma - rangema * mult3
osc=iff(hl2>up1,4,iff(hl2<dn3,-4,
iff(hl2<up1 and hl2>up2,3,iff(hl2>dn3 and hl2<dn2,-3,
iff(hl2<up2 and hl2>up3,2,iff(hl2>dn2 and hl2<dn1,-2,
iff(hl2<up3 and hl2>ma,1, iff(hl2>dn1 and hl2<ma,-1,0))))))))
plot(osc)
hline(0)