Breakdown Oscillator

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Breakdown Oscillator

Postby Alexander.Gettinger » Fri May 22, 2015 10:21 am

Original LUA oscillator: viewtopic.php?f=17&t=62053.

Formula:
Breakdown = 100*EMA/Bottom, where
EMA = EMA(Difference) with [Short_Length] number of periods,
Difference[i] = Price[i]-Bottom[i]+Slope_Factor*(SMA[i]-SMA[i-1]),
Bottom[i] = SMA[i]-Deviation*StdDev,
StdDev - Standard Deviation(Price) with [Band_Length] number of periods,
SMA = MVA(Price) with [Short_Length] number of periods.

Breakdown_Osc_MQL.PNG


Download:
Breakdown_Oscillator.mq4
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Alexander.Gettinger
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