The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think.
Let me know if you would like to see me write any other scripts!
Release Notes
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updated to match with my other indicators
Release Notes
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fixed issue with default resolution
Release Notes
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Updated the script to provide clearer buy and sell signals