TradingView
sarangab
Sep 28, 2018 6:37 AM

IO_EMA_Delta_Oscillator 

SPDR S&P 500 ETF TRUSTArca

Description

This is a EMA Delta Oscillator: An attempt to show ranging markets based on the slope of the EMA.

Green = Bullish Market
Blue = Ranging Market
Red = Bearish Market

The EMA Slope is normalized to make it work like an oscillator with values between 0 and 1.

Bar colors show the oscillator colors, bar borders show the actual candle colors.

- Invsto
(sarangab)

Release Notes

v1.1 - Minor display setting changes

Release Notes

v1.2 Minor display changes
Comments
roblennon
This is the perfect alert to trigger a bot I'm working on. I simply need to tell the bot whether the market is trending up, down, or ranging. I see the se_color function but don't know enough to turn it into alerts when the color would change. Any chance you (or anyone) could help with that?
laurent929
Nice oscillator! I noticed the 'mult' input (line 5) is not used anywhere. Is it missing somewhere?
Missengoh
@laurent929, yes not used i confirm
punsiitg
Great work !
ravi_kumar
Nice work
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