OPEN-SOURCE SCRIPT
Dynamic Gradient Oscillator (DGO)
The Dynamic Gradient Oscillator (DGO) is a custom momentum-based indicator designed to visualize price action dynamics with smooth gradient shading. It oscillates around a baseline (typically 0) to indicate bullish or bearish market conditions. The shading dynamically changes based on the oscillator value, transitioning seamlessly between green (bullish) and red (bearish) zones.
This indicator is highly customizable, allowing traders to adjust smoothing lengths, data sources, and gradient transparency for tailored visualization.
This indicator is highly customizable, allowing traders to adjust smoothing lengths, data sources, and gradient transparency for tailored visualization.
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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