Breakdown Oscillator
Posted: Fri May 22, 2015 10:21 amOriginal 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.
Download:
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.
Download:
Breakdown_Oscillator.mq4- (2.12 KiB) Downloaded 648 times