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racer8

Average Difference Oscillator

racer8  
Oscillators
108
2
oscillator
Average Difference is a simple, yet powerful oscillator that can be used for entries or exits.
The indicator was made from scratch, so it's 100% original!

Calculation:
1) Difference = Close - Previous close
2) Average Difference = Sma (Difference, n periods)

How to interpret colors:
Green = Bullish
Red = Bearish

Default setting: 13 (For entries)

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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