RicardoSantos

[RS]Average Expansion Dynamic Oscillator V0

EXPERIMENTAL:
Oscillator Version.
calculation of extremes and price range for averaging movement.
while price is above market is rising, when bellow market is falling. also can discern strength from the gap of the averages.
Remove from Favorite Scripts Add to Favorite Scripts
study(title='[RS]Average Expansion Dynamic Oscillator V0', overlay=false)
window = input(title='Interval Window:', type=integer, minval=1, defval=5)
multiplier = input(title='Average Multiplier:', type=float, minval=0.01, maxval=0.99, defval=0.5)

h = valuewhen(high >= highest(window), high, 0)
l = valuewhen(low <= lowest(window), low, 0)

rising_falloff = l + ((highest(window)-l)*multiplier)
falling_falloff = h - ((h-lowest(window))*multiplier)

//plot(title='High Extreme', series=h, color=h!=h[1]?na:black)
//plot(title='Low Extreme', series=l, color=l!=l[1]?na:black)

//plot(title='+ Decay', series=rising_falloff, color=rising(rising_falloff, window)?green:silver)
//plot(title='- Decay', series=falling_falloff, color=falling(falling_falloff, window)?maroon:silver)

buy = max(close, falling_falloff)-falling_falloff
sel = min(close, rising_falloff) - rising_falloff

plot(title='+ Decay', series=buy, style=line, color=green, linewidth=1)
plot(title='- Decay', series=sel, style=line, color=maroon, linewidth=1)
plot(title='+ Decay', series=buy, style=histogram, color=green, linewidth=2)
plot(title='- Decay', series=sel, style=histogram, color=maroon, linewidth=2)
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out