OPEN-SOURCE SCRIPT
Indicator: Vervoort Smoothed Oscillator [LazyBear]
This is Mr. Sylvian Vervoort's take on improving some well-known indicators (%B and Stoch) using smoothing techniques. A combination of TEMA and WMA does a nice job smoothing out %B, derived from zero-lag “Rainbow” data series. The same Rainbow series, averaged with the typical price, smooth the Stochastic K oscillator to produce slowStoch.
Vervroot's strategy for this oscillator (detailed explanation in the reference material below):
- It must be bullish for a buy signal and bearish for a sell signal. This means that both the oscillators must be moving up or down.
- Use the oscillators for detecting divergences. Divergence even in one is still valid.
- Stoch crossing 50 is a good confirmation signal. Momentum usually is an excellent leading indicator, so keep an eye on Stoch.
More info:
traders.com/Documentation/FEEDbk_docs/2013/09/Vervoort.html
scribd.com/doc/182736057/2013SEP-pdf
Complete list of my indicators (Check the comments, I keep the list updated there):
tradingview.com/v/4IneGo8h/
Vervroot's strategy for this oscillator (detailed explanation in the reference material below):
- It must be bullish for a buy signal and bearish for a sell signal. This means that both the oscillators must be moving up or down.
- Use the oscillators for detecting divergences. Divergence even in one is still valid.
- Stoch crossing 50 is a good confirmation signal. Momentum usually is an excellent leading indicator, so keep an eye on Stoch.
More info:
traders.com/Documentation/FEEDbk_docs/2013/09/Vervoort.html
scribd.com/doc/182736057/2013SEP-pdf
Complete list of my indicators (Check the comments, I keep the list updated there):
tradingview.com/v/4IneGo8h/
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e testarlo. Complimenti all'autore! Puoi usarlo gratuitamente, ma il riutilizzo di questo codice nelle pubblicazioni è disciplinato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
Vuoi usare questo script sui tuoi grafici?
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Declinazione di responsabilità
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.