Momentum Covariance Oscillator by Tenozen

14 เม.ย. 2023

Well, guess what? A new indicator is here! Again it's a coincidence, as I experiment with my formula. So far it's less noisy than Autoregressive Covariance Oscillator, so possibly this one is better. The formula is much simpler, care me to explain.
___________________________________________________________________________________________________
Yt = close - previous average

Val = Yt/close
___________________________________________________________________________________________________

Welp that's the formula lol. Funny thing is that it's so simple, but it's good! What matters is the use of it haha.

So how to use this Oscillator? If the value is above 0, we expect a bullish response, if the value is below 0 we expect a bearish response. That simple. Ciao.

(Any questions and suggestions? feel free to comment!)

31 ก.ค. 2023

เอกสารเผยแพร่

Now you can change either manual or auto ticker. Thanks for the suggestion!

31 ก.ค. 2023

เอกสารเผยแพร่

I re-updated the indicator again as I forgot to set up the precision scale.

11 ก.พ.

เอกสารเผยแพร่

Added manual ticker.