OPEN-SOURCE SCRIPT
DecisionPoint Breadth Swenlin Trading Oscillator [LazyBear]
DecisionPoint Swenlin Trading Oscillator can be used to identify short-term tops and bottoms. This is a breadth indicator. STO is designed to be calculated using either issues or volume, I will post a follow up indicator that makes use of volume.
You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining mkt symbols too.
More Info:
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:dpstov
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
You can read about the interpretation of the signals (& gotchas) in the link below.
I have added support for NYSE / NASD / AMEX and also a combined mode. You can specify custom advancing/declining mkt symbols too.
More Info:
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:dpstov
List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970
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.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
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.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
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.