Line on Osc AM 外汇EA

This indicator combines the best features of a trend indicator and an oscillator.

Effective trend detection and short-term price fluctuations.

Operating principle:

The indicator analyzes price direction using one of many standard oscillators. If the oscillator indicates a change in the direction of price movement, the indicator signals this by placing a small arrow on the chart opposite the bar on which the oscillator gave the corresponding signal. At the same time, the main signal of the indicator (change of direction by the indicator line and a large arrow) will appear only if the oscillator signal is confirmed by a significant change in the price of the financial instrument.

The indicator is intuitively clear:

• Line direction change – trend direction change.
• Change of the line color warns of a coming direction change.

Thus:

• The line is blue – purchases are allowed;
• The line is yellow – sales are allowed.

Customized parameters:

• Osc – type Osc;
• Indicator_Period (>1) – Osc calculation period;
• Sensitivity (>0) – ATR sensitivity;
• Indicator_Smoothing (>0) – indicator smoothing;
• Indicator_Smoothing_Method – the smoothing method to be applied.

  (A complex of oscillators is used, the significance of each in the analysis is determined by the coefficient. If the coefficient is zero, the oscillator does not participate in the analysis).