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Breakdown Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=62251
Forum: 38 · Topic 62251 · 1 post(s)
Breakdown Oscillator
Alexander.Gettinger · Fri May 22, 2015 10:21 am
Original LUA oscillator: viewtopic.php?f=17&t=62053.
Formula: Breakdown = 100EMA/Bottom, where EMA = EMA(Difference) with [Short_Length] number of periods, Difference[i] = Price[i]-Bottom[i]+Slope_Factor(SMA[i]-SMA[i-1]), Bottom[i] = SMA[i]-Deviation*StdDev, StdDev - Standard Deviation(Price) with [Band_Length] number of periods, SMA = MVA(Price) with [Short_Length] number of periods.
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