This is a new indicator release, Using the principle of Murrey Math Line Trading Systems. It will be easier for someone to add alerts on an oscillator rather than a overlay.
Currently, I did add some aesthetics for those who like to view different colors, can be turned off.
Oscillator Color Definition - Green = Above MidLine Red = Below Midline Blue = Below Negative 3rd Quadrant Orange = Above Positive 3rd Quadrant
///////// Planned future Improvement is to consider Wicks as well.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.