Top and Bottom Oscillator - Quan Dao
This oscillator used to find bottoms and tops to decide when to go in and out of the market. It takes combination of price power, its direction and volume over the time into consideration.
*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.
*** Indicator colors:
- Red: trend down
- Green: trend up
- Black: trend is on-going (either up or down), should wait for the reversal to come.
*** As a general rule of using any oscillator indicator:
- Buy when the oscillator is low and sell when oscillator is on its top.
- Be hesitate to buy when oscillator is on top just because the price is high and everyone is excited about it, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.
*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.
*** Indicator colors:
- Red: trend down
- Green: trend up
- Black: trend is on-going (either up or down), should wait for the reversal to come.
*** As a general rule of using any oscillator indicator:
- Buy when the oscillator is low and sell when oscillator is on its top.
- Be hesitate to buy when oscillator is on top just because the price is high and everyone is excited about it, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.
릴리즈 노트:
Updated to USD/JPY to have longer view in term of time.
릴리즈 노트:
Updated UI and underlying calculation.
Added MACD for TAB line as well.
Added MACD for TAB line as well.
릴리즈 노트:
Updated chart view.
릴리즈 노트:
Plot MACD histogram by area instead of bars.
릴리즈 노트:
Use -20 as hist base for MACD histogram.
릴리즈 노트:
Use Apple stock as example.
릴리즈 노트:
- Add a new tool to check the trend: Trending Oscillator (over 100 and under -100 are overbought and oversought areas)
- Use the Trending Oscillator to check what the trend is now.
- Then use the TAB Oscillator for timing your enter entry with the trend.
- Use the Trending Oscillator to check what the trend is now.
- Then use the TAB Oscillator for timing your enter entry with the trend.
릴리즈 노트:
Use BTC 4H chart.
릴리즈 노트:
Use TNAMA for the MA.
Add more signals when the MA is oversold or overbought (under 0 or over 100).
Change default length to 73.
Add more signals when the MA is oversold or overbought (under 0 or over 100).
Change default length to 73.
릴리즈 노트:
- Update default length to a longer value.
- Use NAMA cloud to indicate trending status (background color).
- Use NAMA cloud to indicate trending status (background color).
릴리즈 노트:
Add ability to edit timeframe (MTF).