Revolver Oscillator Strategy 1.2 (RSI+UO+MFI)

2022年8月18日

ROS (Revolver Oscillator Strategy)
Version 1.2

Description
This script combines three popular oscillators (RSI, Ultimate Oscillator and MFI) to accurately determine the price momentum of an asset.

Context
- RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements over a period of time (14).
- Ultimate Oscillator uses three different periods (7, 14, and 28) to represent short, medium, and long-term market trends.
- Money Flow Index (MFI) is a momentum indicator that measures the flow of money into and out over a period of time. It is related to the Relative Strength Index (RSI) but incorporates volume, whereas the RSI only considers price

How does it work?
When a RED bar appears, it means that the three oscillators have exceeded the set thresholds, and it is a SELL signal.
When a GREEN bar appears, it means that the three oscillators are below the set thresholds, and it is a BUY signal.

I recommend leaving the default settings.

2022年8月18日

發行說明

Fixed some bugs

2022年8月18日

發行說明

New color codes
RSI: purple line
Ultimate Oscillator: red line
Money Flow Index: green line

2022年8月18日

發行說明

Added a swith to deactivate MFI in the strategy calculation.

2022年8月19日

發行說明

Added a swith to deactivate ULT in the strategy calculation.

2022年8月23日

發行說明

Improvements in the UI.

2022年9月9日

發行說明

Improvements in the UI.

2023年6月2日

發行說明

Various improvements in the interface

2023年11月15日

發行說明

Updated oscillator algoritm

2024年10月25日

發行說明

General Update
Added QQE oscillator

2024年11月14日

發行說明

Added green/red dots to indicate extreme areas
Added median wave (thanks to Fab_Coin_ )