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Market Mode (MM) oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61386
Forum: 38 · Topic 61386 · 1 post(s)
Market Mode (MM) oscillator
Alexander.Gettinger · Mon Oct 27, 2014 10:52 am
Original LUA oscillator: viewtopic.php?f=17&t=24002.
Formulas: Mode = MVA(BP) with [2Length+5] number of periods, Peak = FractMVA(fPeak) with 50 number of periods, Valley = FractMVA(fValley) with 50 number of periods, where BP[i] = 0.25(1-Alpha)(High[i]+Low[i]-High[i-2]-Low[i-2])+Beta(1+Alpha)BP[i-1]-AlphaBP[i-2], fPeak[i] = BP[i-1], if BP[i-1]>BP[i] and BP[i-1]>BP[i-2], else fPeak[i] = fPeak[i-1], fValley[i] = BP[i-1], if BP[i-1]<BP[i] and BP[i-1]<BP[i-2], else fValley[i]=fValley[i-1], Alpha = Gamma-Sqrt(GammaGamma-1), Gamma = 1/cos(4PiDelta/Length), Beta = cos(2Pi/Length).
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