Revolver Oscillator Strategy 1.2 (RSI+UO+MFI)

2022년 8월 18일

ROS (Revolver Oscillator Strategy)
Version 1.2

Description
This script combines three popular oscillators (RSI, Ultimate Oscillator and MFI) to accurately determine the price momentum of an asset.

Context
- RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements over a period of time (14).
- Ultimate Oscillator uses three different periods (7, 14, and 28) to represent short, medium, and long-term market trends.
- Money Flow Index (MFI) is a momentum indicator that measures the flow of money into and out over a period of time. It is related to the Relative Strength Index (RSI) but incorporates volume, whereas the RSI only considers price

How does it work?
When a RED bar appears, it means that the three oscillators have exceeded the set thresholds, and it is a SELL signal.
When a GREEN bar appears, it means that the three oscillators are below the set thresholds, and it is a BUY signal.

I recommend leaving the default settings.

2022년 8월 18일

릴리즈 노트

Fixed some bugs

2022년 8월 18일

릴리즈 노트

New color codes
RSI: purple line
Ultimate Oscillator: red line
Money Flow Index: green line

2022년 8월 18일

릴리즈 노트

Added a swith to deactivate MFI in the strategy calculation.

2022년 8월 19일

릴리즈 노트

Added a swith to deactivate ULT in the strategy calculation.

2022년 8월 23일

릴리즈 노트

Improvements in the UI.

2022년 9월 9일

릴리즈 노트

Improvements in the UI.

2023년 6월 2일

릴리즈 노트

Various improvements in the interface

2023년 11월 15일

릴리즈 노트

Updated oscillator algoritm

2024년 10월 25일

릴리즈 노트

General Update
Added QQE oscillator

2024년 11월 14일

릴리즈 노트

Added green/red dots to indicate extreme areas
Added median wave (thanks to Fab_Coin_ )