OPEN-SOURCE SCRIPT
SPPO — Simple Percentage Price Oscillator
SPPO is Simple Percentage Price Oscillator .
SPPO is calculated as the ratio of the current price to the moving average.
This indicator is used in the trading strategy to determine overbought and oversold markets. Chart period D1.
I use this oscillator on the BTCUSD and ETHUSD pairs. It can also be used on other top crypto symbols.
If SPPO on the BTCUSDT chart > 35%, this means that in the Bitcoin market pamp . So it’s time to close long positions.
If SPPO on the bitcoin chart is <-30%, then bitcoin is oversold and you need to think about starting to buy it.
Recommended timeframe: 1d
Input parameters:
MA Length — number of bars for moving average. Default = 25.
Source — type of price used to calculate the MA. Default = close.
High Level — upper horizontal constant on the SPPO chart. Default = 35.
Low Level — lower horizontal constant on the SPPO chart. Default = -35.
Simple MA(Oscillator) — type of MA indicator used. If false = Exponential Moving Average , if true = Simple Moving Average . Default = true.
SPPO is calculated as the ratio of the current price to the moving average.
This indicator is used in the trading strategy to determine overbought and oversold markets. Chart period D1.
I use this oscillator on the BTCUSD and ETHUSD pairs. It can also be used on other top crypto symbols.
If SPPO on the BTCUSDT chart > 35%, this means that in the Bitcoin market pamp . So it’s time to close long positions.
If SPPO on the bitcoin chart is <-30%, then bitcoin is oversold and you need to think about starting to buy it.
Recommended timeframe: 1d
Input parameters:
MA Length — number of bars for moving average. Default = 25.
Source — type of price used to calculate the MA. Default = close.
High Level — upper horizontal constant on the SPPO chart. Default = 35.
Low Level — lower horizontal constant on the SPPO chart. Default = -35.
Simple MA(Oscillator) — type of MA indicator used. If false = Exponential Moving Average , if true = Simple Moving Average . Default = true.
오픈 소스 스크립트
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.