Skynet PA osc — Indicator by skynet970

oscillator volumestudies breadthstudies buysellsignal

The Skynet PA osc has the following features :

1>>> Oscillator : The oscillator represents the rate of change of close price for the past 20 candles.

1.a> Bullish signal : When the oscillator turns green/lime color, it indicates that the price is gaining momentum on the upside.

1.b> Bearish signal : When the oscillator turns red, it indicates that the price is gaining momentum on the downside.

2>>> Entry/exit points :

2.a>Strong bullish: When an aqua/blue color diamond appears, it indicates a strong bullish momentum for the price.

2.b>Strong bearish : When a pink/purple color diamond appears on the zero line, it indicates a strong bearish momentum for the price.

**** Volume along with the oscillator is used to generate the diamond labels.

Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.

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