I kept the algorithm exactly the same, but changed the layout and the default look back period. Most important is that the resulting line, the TPX, is now a histogram with green and red staves. To put the histogram on a logical place in the graph, I changed the way the control/dominance level is implemented, it now lowers or highers the whole graph, this way the zero level becomes the ‘no interest’ level. I added two horizontal lines at a distance of 40 because I feel that this is sort of an oversold / overbought indication. In practice not very convincing, but provides a visual comparison. In this layout I explain that grass is growing on bull hills peaking up behind the foreground and blood is dripping from the bear hills. Enjoy.
i can't see things clearly on a white background :) -- guess i got myself used to dark chart background layouts .. :)
thanks again and best of luck.
jcst
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visuellement confu mais adaptable : bravo et merci pour cet indicateur de sentiment
CodyMaki
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thank you very much
UnderdogR
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it looks like linda raschke's 3/10/16 oscilator. wait. it is the same without sma line.
eykpunter
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@UnderdogR, this has a completely different algorithm.
UnderdogR
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@eykpunter, it has sir, for sure, but it gives the same result with lbr 3/10 peculiarly. btw, i use your scripts and they are so succesful, i think. thank you.