M-Oscillator

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M-Oscillator

Postby Apprentice » Mon Sep 19, 2022 2:55 am

USDJPY D1 (09-19-2022 0954).png

Based on source
https://www.prorealcode.com/prorealtime ... scillator/

An improvement of the Momentum Oscillator – Published on IFTA Journal 2018 by Mohamed Fawzy (pages 28-53)

OverBought > 10
OverSold <-10

UpTrend > 0
DownTrend <0
SHORT - OB area CrossUnder
Long - OS area CrossOver

Divergences can be used.

Range ADX < 25


M-Oscillator.lua
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