This is my attempt at making a price oscillator out of gorx1's weighted percentile nearest rank script. I centered everything to the 50th percentile and everything oscillates around that. The upper and lower bounds are 100th and 0th. Normalization normalizes the data to the top and bottom lines. The 'center line' represents the momentum of the 50th percentile in either direction. Good luck and happy hunting.
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.
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