OPEN-SOURCE SCRIPT
Updated FUERST
Uses Normalized Price Oscillator and Stochastics and combines them as an ADX weighted measure.
During low trend intensity Stochastics gets higher weighted than Price Oscillator, and vice-versa in times of high trend-intensity.
During low trend intensity Stochastics gets higher weighted than Price Oscillator, and vice-versa in times of high trend-intensity.
Release Notes
improved adx checkadding signals
Release Notes
using normalized macdRelease Notes
further simplificationsOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.