OPEN-SOURCE SCRIPT
Sum Trend Oscillator
Publishing my first indicator.
This one accumulates bars over two short period and divide that by the difference between a long term mean value of high-low
Buy/Sell signal is when both line cross at close below or above the center line.
This one accumulates bars over two short period and divide that by the difference between a long term mean value of high-low
Buy/Sell signal is when both line cross at close below or above the center line.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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