theexecucioner

DTOsc Dual time Frame V2

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Actualization of previous V1 (Read Description of version 1)
The green zones are improved because is no needed that higher time Frame Osc makes a bullish Cross (or bearish ). Its only needed
that comes to OS zone (or OB)
Besides the green zones are also improved becouse of crosses on OB zones of lower time frame (for bullish ) are discarded.
Remember that this oscillator is used as a filter. Pattern, price, time are needed to take a trade with higher probability.
Remember also that the Gray shaded is the oscillator one time frame higher and Switched automatically with TF!!
Comments are welcomed!!
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Comentarios

Hi, thanks for sharing the script. What is the meaning of the white histogram?
Appreciated if you can share the EWO code as well. thnx.
+1 Responder
hey i just finished the book and searched for this indicator- thanks for putting it together! am i understanding your indicator correctly? For the higher timeframe, bullish or bearish is indicated by the backgroudn color. green for bullish and red for bearish? What does grey represent? For the smaller timeframe, the 2 lines are used for the signals. So the filter for bullish would be when the lines cross and the background is green? Is that right? Which line is the faster/signal line?
Responder
how do I know what the higher time frame is?

Also are there any inputs ?
Responder
hi i like your dtosc indicator,can i ask you whats the black parts on the backgroud pls?thanks
Responder
@Senecko, Sorry by the late answer. The Gray shaded is the DT oscilattor one time frame higher. For example DT Osc weekly for TF daily. DT osc Monthly for TF Weekly and so on. Also i automated intraday time frames
Responder
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