OPEN-SOURCE SCRIPT
Price Oscillator Indicator (for Grid Stratagy)
What is this?
This indicator represents the range that the price travels from its lowest to its highest point within a single candlestick. It is calculated as follows: (Highest Price - Lowest Price) / Closing Price * 100.
What is its purpose?
The indicator is specifically designed for grid trading, allowing traders to evaluate the arbitrage efficiency of conducting grid trading on a particular asset.
How to use this indicator?
Add it to your TradingView chart and switch the chart to a 1-minute timeframe. You can adjust the 'slow sma length' parameter to calculate the price oscillator for a specific period (the default value is 4320, which equals 3 days). The higher the amplitude of an asset, the more efficient it may be to apply a grid trading strategy on that asset.
Please note, this indicator is solely for assessing the price fluctuation range of assets and should not be taken as investment advice.
This indicator represents the range that the price travels from its lowest to its highest point within a single candlestick. It is calculated as follows: (Highest Price - Lowest Price) / Closing Price * 100.
What is its purpose?
The indicator is specifically designed for grid trading, allowing traders to evaluate the arbitrage efficiency of conducting grid trading on a particular asset.
How to use this indicator?
Add it to your TradingView chart and switch the chart to a 1-minute timeframe. You can adjust the 'slow sma length' parameter to calculate the price oscillator for a specific period (the default value is 4320, which equals 3 days). The higher the amplitude of an asset, the more efficient it may be to apply a grid trading strategy on that asset.
Please note, this indicator is solely for assessing the price fluctuation range of assets and should not be taken as investment advice.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.