PROTECTED SOURCE SCRIPT
Diupdate

LuauDesign's Oscillator v1

711
I wanted to make an indicator that behaved similarly to Parallel Channels. This is what I currently have.

Blue Oscillator for uptrend. Red Oscillator for downtrend. Both for ranges.

Recommended periods are powers of two (16, 32, 64, 128, 256), which should be adjusted according to volatility.

There's a alternate version of this same code that shows Price Bands instead. Easier to spot trend direction and how price responds to each Channel.
Catatan Rilis
Better colors and better preview image

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.