A momentum Oscillator that can be used for typical overbought/oversold conditions and also used to spot divergences. Crossing the Zero line can also be viewed as a buy/sell signal depending on direction.
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Updated. Added Green and Red bars that can be used as buy/sell confirmation. However, correct use is to analyze momentum and divergence.
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Update. - Color coding changed - Bar turns green when passing above lower band - Bar turns red when breaking below upper band - band width setting added to adjust distance of lower and upper bands from the zero line
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A new version of the oscillator has been added. If you don't like it, there's a switch to go back to the old version. New version has more appropriate color coding.
- More Settings Added - Added a moving average - Renamed bandwidth to Overbought/Oversold to avoid confusion.
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Tweaked Algorithm. Added a Setting to highlight Potential Trend Reversal bars. This is designed for night-mode chart, highlight bars may not be visible on white chart.
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- Allowed User to change Color of Force Bars as they were not visible on white backgrounds. - Added a Time Frame Override setting, and allowed user defined time frame - The moving average is now a moving average of the histogram.
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- Re-Wrote the entire script. Should be less CPU Intensive and faster. - Added more customization options
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Stochastics were requested by members. This will likely be a temporary feature.
Trial Period ends November 14th.
Price will be 0.05 Bitcoin for life time access.
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Added features. - Choose between my GM Force formula or MACD with Multi Time Frame options. - Volatility indicator added. Lights up when over-extended or trending