Breakdown Oscillator

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Breakdown Oscillator

Postby Alexander.Gettinger » Sat Mar 30, 2019 3:20 pm

Formula:
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.

Breakdown Oscillator.PNG


Download:
Breakdown Oscillator_JS.jsl
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Alexander.Gettinger
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