Period, Amplitude, Price Oscillator with Smoothing Methods
Description:
This custom oscillator for FXCM Trading Station 2 (Marketscope) calculates the current closing price's position within a specific price range over a user-defined number of periods (bars). It helps identify potential overbought and oversold market conditions.
Key Features:
- Clearly visualizes price positioning within a defined amplitude (high-low range).
- Oscillator scale from 0 (price at bottom of range) to 100 (price at top of range), 50 indicates neutral.
Usage Tips:- Values near 100 indicate possible overbought conditions.
- Values near 0 indicate possible oversold conditions.
- Smoothing filters noise, offering clearer trade signals.
Period Amplitude Price Oscillator.lua- (8.49 KiB) Downloaded 199 times
