OPEN-SOURCE SCRIPT

Bagot Price Oscillator "BPO"

2 241
This is BP Oscillator / Bagot Price Oscillator
It is part of the Rabbit hole algorithm/ strategy which jets to be revealed
but works stand aloe very good

Initial idea: When lines cross it signals you change of trend
but since reversal trading is a sucker game, you should wait for your baseline to get broken in the signal direction

blue - long
red - short

Baseline options: any style of MA or line on chart indicator, speed of baseline for this oscillator needs to be on the faster side of mid-speed settings, ex.: if you would be using MA that would be around 15, for HMA round 20 -30

Important
The slower line "50" of the BPO needs to be set to: is centered

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.