Elegant Oscillator [loxx] — Indicator by loxx

Elegant Oscillator : John Elhers Elegant Oscillator from TASC's February 2022 edition of Traders' Tips.

What is it?
Normalized, Inverse Fisher Transform that oscillates between -1 and 1

How does this help me?
Helps the trader identify reversions to the mean

Features:
-Baseline filtering. 10+ moving averages to choose from
-Post Signal, Baseline Cross signals
-Continuation Longs and Shorts
-Regular Longs and Shorts

Release Notes:

Corrected a small UI error, also here's the backtest

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: www.patreon.com/algxtrading/membership

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

Want to use this script on a chart?