There are 2 oscillator plots - fast & slow. Fast plot shows the price location with in the medium term channel, while slow plot shows the location of short term midline of cycle channel with respect to medium term channel.
Usage of this is similar to %b oscillator. The slow plot can be considered as the signal line.
Bar colors can be enabled via options page. When short plot is above 1.0 or below 0, they are marked purple (both histo and the bar color) to highlight the extreme condition.
This makes use of the default 10/30 values of Cycle Channel, but may need tuning for your instrument.
its wonderful , merg it with cci osilator and see the magic *******************************************************************************************************
jackhammer1000
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@saman_trader, hi mate, could you share your strategy with this indicator and cci, I like the sound of magic lol thx
NYTRADE
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Hi ,
Does someone know if this indicator repaints?
abdullah_1408
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@NYTRADE, no it dose not repint cuz its not contine request.security
ecletv
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Thanks! Applied to price works great, but applied to another price modification turns great. As an idea, I am now experimenting and having very interesting results merging with VIDYA (i.e., a 14 periods VIDYA in daily or 4h charts).
mehtabkk
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Hello LazyBear
Your Indicators are just great. Bein a noob, I am sorry to ask a stupid question. How can I use these indicators on MT4? Or Jforex?
Kindly Help.
Regards
LazyBear
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Hey, these indicators are developed in Pinescript (TV's scripting language). These cannot be used in MT4.