[Trendycator] Trendycator Oscillator

18 may 2023

This script proposes a simple and intuitive Oscillator, similar to some other but different because is smoothed to be more clear on interpretation of trend.
Normally can be used together with Peak and Bottom indicator but, can be used as well alone looking for swings.
This oscillator is able to predict how the big market players move by announcing a decline or a return of strength on the asset.

Usage details
Trendycator Oscillator works in same way in every asset (stock, future, index), in every time-frame.
Trendycator Oscillator has intuitive colours, blue that mean strength on asset, and red that mean leak of strength on asset.
The more powerful usage is looking for divergence between asset and Oscillator.
See below some usage examples.

Usage examples

Here you can see an example of divergency on Index.
Note how was very clear indication the leak of strength on 2021 before the international crisis and how the Oscillator was in advance to highlight the leak of strength.


Here you can see how it was accurate the indication in Bitcoin.


Here you can see a bit different example in Eur/Usd.
In first part of downtrend a lot of Bottom and End_Bottom went in sequence with Oscillator already in divergence.


On future Gold you can see a very different example of interpretation.
In gold future we noticed that return of Oscillator above 20 line (on weekly time frame) is always a good prediction of Up trend movement.



Settings
Trendycator Oscillator has no possibilities of settings.
We setup the best possible in our experience.
We believe that one of the big error of every investor/trader is the overfitting.
Overfitting never work as a long time and in the first step for loosing money.

You have only the possibility to customize colours as shown below.


Conclusion

Trendycator do not provide any guarantees regarding your ability to obtain results or earn money with our ideas, information, tools or strategies.
Nothing on our content makes any promise or guarantee of future results or earnings.
You alone are responsible for your decisions, actions and results in life, and using our code you agree that you will not attempt to hold us responsible for your decisions, actions or results, at any time, under any circumstances.