fxcodebase-backup
LBR 310
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=75066
Forum: 17 · Topic 75066 · 2 post(s)
LBR 310
Apprentice · Sat Jul 13, 2024 10:00 am
LBR 310: Linda Bradford Raschke’s indicator Like MACD(3, 10) averaged using simple moving averages(16).
Re: LBR 310
Apprentice · Sat Jul 13, 2024 10:42 am
Originally made by Linda Raschke, The S310ROC Indicator combines the Rate of Change (ROC) indicator with the 3-10 Oscillator (Modified MACD) and plots to capture rapid price movements and gauge market momentum.
-
Rate of Change (ROC): This component of the indicator measures the percentage change in price over a specified short interval, which can be set by the user (default is 2 days). It is calculated by subtracting the closing price from ‘X’ days ago from the current close.
-
3-10 Oscillator (MACD; 3,10,16): This is a specialized version of the Moving Average Convergence Divergence (MACD) but uses simple moving averages instead of exponential. Using a fast moving average of 3 days and a slow moving average of 10 days with a smoothing period of 16.
- Down Dots: Appear when all lines (ROC, MACD, Slowline) are sloping downwards, indicating bearish momentum and potentially signaling a sell opportunity.
- Up Dots: Appear when all lines are sloping upwards, suggesting bullish momentum and possibly a buy signal.