LBR 310

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LBR 310

Postby Apprentice » Sat Jul 13, 2024 10:00 am

EURUSD m1 (07-13-2024 1658).png

LBR 310: Linda Bradford Raschke's indicator
Like MACD(3, 10) averaged using simple moving averages(16).
LBR-310.lua
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Re: LBR 310

Postby Apprentice » Sat Jul 13, 2024 10:42 am

EURUSD m1 (07-13-2024 1741).png

Originally made by Linda Raschke, The S310ROC Indicator combines the Rate of Change (ROC) indicator with the 3-10 Oscillator (Modified MACD) and plots to capture rapid price movements and gauge market momentum.

- Rate of Change (ROC): This component of the indicator measures the percentage change in price over a specified short interval, which can be set by the user (default is 2 days). It is calculated by subtracting the closing price from 'X' days ago from the current close.

- 3-10 Oscillator (MACD; 3,10,16): This is a specialized version of the Moving Average Convergence Divergence (MACD) but uses simple moving averages instead of exponential. Using a fast moving average of 3 days and a slow moving average of 10 days with a smoothing period of 16.


- Down Dots: Appear when all lines (ROC, MACD, Slowline) are sloping downwards, indicating bearish momentum and potentially signaling a sell opportunity.
- Up Dots: Appear when all lines are sloping upwards, suggesting bullish momentum and possibly a buy signal.
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