malagadev

3-10 MA Oscillator (Wyckoff) by malagadev

malagadev  
Oscillators
192
1
oscillator
- If ControlSMA(16) exceeds 0 means market is bullish, below 0 means market is bearish.
- Difference between SMA(3,10) is represented with blue area.
- You can operate using changes in color or trend, or simply knowing that once 0 is crossed upwards, it means the pullback is proportional so we just need a simple pattern in the price or, entering after it just crosses.
- It's better to open positions in the first pullback after the ControlSMA(16) firstly crosses 0 ("First Cross").
- It's possible to operate using momentum divergences.
Open-source script

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