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Period Amplitude Price Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=75822
Forum: 17 · Topic 75822 · 1 post(s)
Period Amplitude Price Oscillator
Apprentice · Fri Apr 11, 2025 2:08 pm
Period, Amplitude, Price Oscillator with Smoothing Methods
Description: This custom oscillator for FXCM Trading Station 2 (Marketscope) calculates the current closing price’s position within a specific price range over a user-defined number of periods (bars). It helps identify potential overbought and oversold market conditions.
Key Features:
- Clearly visualizes price positioning within a defined amplitude (high-low range).
- Oscillator scale from 0 (price at bottom of range) to 100 (price at top of range), 50 indicates neutral.
Usage Tips:
- Values near 100 indicate possible overbought conditions.
- Values near 0 indicate possible oversold conditions.
- Smoothing filters noise, offering clearer trade signals.