[RS]Linear Decay Oscilator V0
EXPERIMENTAL: binary oscillator based on linear regression.
the master line has 1/4 of the decay.
the master line has 1/4 of the decay.
study(title="[RS]Linear Decay Oscilator V0") src = input(title='Source:', type=source, defval=hl2) smoothing = input(title='Source Smoothing:', type=integer, defval=4) decay = input(title='Decay:', type=float, defval=0.001) smooth_src = sma(src, smoothing) previous_lr = nz(lr[1], smooth_src) lr = smooth_src > previous_lr ? previous_lr+decay : smooth_src < previous_lr ? previous_lr-decay : previous_lr previous_master_lr = nz(master_lr[1], smooth_src) master_lr = smooth_src > previous_master_lr ? previous_master_lr+decay/4 : smooth_src < previous_master_lr ? previous_master_lr-decay/4 : previous_master_lr macd = sma(smooth_src-lr, smoothing) signal = macd > 0 ? 1 : macd < 0 ? -1 : 0 master_macd = sma(smooth_src-master_lr, smoothing) master_signal = master_macd > 0 ? 1 : master_macd < 0 ? -1 : 0 plot(title='Follower', series=signal, style=columns, color=signal > 0 and master_signal > 0 ? green : signal < 0 and master_signal < 0 ? maroon : gray, transp=75) plot(title='Master', series=master_signal, color=master_signal > 0 ? green : master_signal < 0 ? maroon : gray, linewidth=4) hline(title='0', price=0, color=black)