INVITE-ONLY SCRIPT
Better Donchian Oscillator
What is BDO?
- BDO is the Better Donchian Oscillator. This is a proprietary indicator which I derived from the donchian formula.
BDO usage
1. BDO is mainly used to determine overbought and oversold levels. I think it is more accurate in determing these levels than RSI or MACD.
2. It can also be used to follow major trends with a very high accuracy, although it is lagging. However, its main oscillator in the middle is still a leading indicator.
Access and Documentation:
Message or PM to know how to get access.
- BDO is the Better Donchian Oscillator. This is a proprietary indicator which I derived from the donchian formula.
BDO usage
1. BDO is mainly used to determine overbought and oversold levels. I think it is more accurate in determing these levels than RSI or MACD.
2. It can also be used to follow major trends with a very high accuracy, although it is lagging. However, its main oscillator in the middle is still a leading indicator.
Access and Documentation:
Message or PM to know how to get access.
Invite-only script
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