INVITE-ONLY SCRIPT
MikeTyson
Updated
MikeTyson is a Momentum Oscillator that signals OverBought (OB) and OverSold (OS) condition.
The oscillator usually moves between an OB/OS cloud.
The oscillator signals OB/OS condition when it enters the cloud. The oscillator line changes its color to signal its position relative to the cloud:
The indicator integrates Divergence Signalling. It allows to show:
Additionally, we can improve the read of OB/OS condition using the following addons:
The indicator needs at least 180 history bars to determine OB/OS levels.
The oscillator usually moves between an OB/OS cloud.
The oscillator signals OB/OS condition when it enters the cloud. The oscillator line changes its color to signal its position relative to the cloud:
- In Between: No man's land
- Inside the Upper/Lower Cloud: OB/OS
- Beyond the Upper/Lower Cloud: Strong OB/OS (very usual in crypto currencies)
The indicator integrates Divergence Signalling. It allows to show:
- Regular Divergences
- Hidden Divergences
- Hinting on Developing Real-time Divergences (both regular and hidden)
Additionally, we can improve the read of OB/OS condition using the following addons:
- Show/Hide EMA Crosses
- Show/Hide Cloud
- Cloud Factor: To fine tune the OB/OS levels according to the characteristics of each market
The indicator needs at least 180 history bars to determine OB/OS levels.
Release Notes
Fix Real Time Divergence HintingInvite-only script
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I develop indicators meant to be useful, profitable and good looking.
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