OPEN-SOURCE SCRIPT

Multiband Oscillator - Zigzag version

8 826
Just variation of Multi Band oscillator present here: Multi-Band-Channel-Oversold-Overbought-Oscillator

Changes are:
  • Instead of regular moving average, here I am using Zigzag Moving average. This is calculated in similar to as explained in: Zigzag-Cloud
  • Instead of ATR, using AZR (Average Zigzag Range) - Average-Zigzag-Range-AZR


Rest of the logic remains same.

  • Number of bands used 100 - which means, calculate 100 Bollinger bands with Std Dev Multiplier starting from 0.1 and with step 0.1 for the next one.
  • Which divides price ranges into 200 equal parts. Calculate what is the current range and plot them.
  • Overbought - Oversold levels are dynamics. They are dependent on the max and min state price has reached in last 80 days. Offset and factor can be used to adjust overbought oversold levels.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.