Trend_Oscillator

27 apr

This indicator is a custom oscillator designed for trend identification and potential trade signals. Here's a breakdown of its functionality and potential trading applications:
https://www.tradingview.com/x/IaIQdA7Q/

Key Components

Overbought/Oversold Levels: Default at +100 and -100
Signal Line: Smoothed version (14-period SMA) of the oscillator
Visual Aids: Background coloring in overbought/oversold zones
(Alert Conditions: For zone entries/exits and signal line crosses)

Trading Applications
Potential Entry Signals

Oversold Zone Entry and Bounce:

When oscillatorValue crosses below -100 (oversold level), then turns back up
This suggests a potential long entry as the oversold condition may be reversing


Overbought Zone Entry and Reversal:

When oscillatorValue crosses above +100 (overbought level), then turns back down
This suggests a potential short entry as the overbought condition may be reversing


Signal Line Crossovers:

When oscillatorValue crosses above signal line = bullish signal (potential long)
When oscillatorValue crosses below signal line = bearish signal (potential short)


Zero Line Crosses:

When oscillatorValue crosses above zero = trend turning bullish
When oscillatorValue crosses below zero = trend turning bearish

27 apr

Note di rilascio

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27 apr

Note di rilascio

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