UO_30-50-70
Ultimate Oscillator with bands present at the 30, 50, and 70 pt levels.
Personally use this every time, created a script to hard code these lines so I wouldn't need to redraw them all the time.
Enjoy
Personally use this every time, created a script to hard code these lines so I wouldn't need to redraw them all the time.
Enjoy
study(title="Ultimate Oscillator", shorttitle="UO") length7 = input(7, minval=1), length14 = input(14, minval=1), length28 = input(28, minval=1) average(bp, tr_, length) => sum(bp, length) / sum(tr_, length) high_ = max(high, close[1]) low_ = min(low, close[1]) bp = close - low_ tr_ = high_ - low_ avg7 = average(bp, tr_, length7) avg14 = average(bp, tr_, length14) avg28 = average(bp, tr_, length28) out = 100 * (4*avg7 + 2*avg14 + avg28)/7 plot(out, color=red, title="UO") band1 = hline(70) band2 = hline(50,color=yellow) band0 = hline(30) fill(band1, band0, color=orange, transp=90)