Breakdown Oscillator
Posted: Sat Mar 30, 2019 3:20 pmFormula:
Breakdown = 100*EMA/Bottom, where
EMA = EMA(Difference) with [Short_Length] number of periods,
Difference[i] = Price[i]-Bottom[i]+Slope_Factor*(SMA[i]-SMA[i-1]),
Bottom[i] = SMA[i]-Deviation*StdDev,
StdDev - Standard Deviation(Price) with [Band_Length] number of periods,
SMA = MVA(Price) with [Short_Length] number of periods.
Download:
Breakdown = 100*EMA/Bottom, where
EMA = EMA(Difference) with [Short_Length] number of periods,
Difference[i] = Price[i]-Bottom[i]+Slope_Factor*(SMA[i]-SMA[i-1]),
Bottom[i] = SMA[i]-Deviation*StdDev,
StdDev - Standard Deviation(Price) with [Band_Length] number of periods,
SMA = MVA(Price) with [Short_Length] number of periods.
Download:
Breakdown Oscillator_JS.jsl- (3.85 KiB) Downloaded 422 times