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:: Magic Osc

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The "Magic Oscillators" indicator is based on 4 points:

1. RSI with MA filter
2. A logarithmic MA of the price
3. A “squeeze” of the price (points on the “0” line and the light blue background)
4. The up and down signals, which indicate the trend direction, based on the price vs EMA 50 relationship.
Extra - A "long term" filter with input signal - again MA.

All values are possible to adjust to needs/setup.

The indicator is only to help in quicker and more effective technical analysis and not as entry/exit trading signals.

The indicator can be used and the code modified depending on the interests of each trader.

Good trades...
Notas de prensa
UPDATE - Add the Logarithmic of OBV

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.