PROTECTED SOURCE SCRIPT
God Oscillator V1
The Ultimate Oscillator script does not issue Buy/Sell signals using non-standard chart types. It is designed to work with standard candlestick charts, providing realistic and reliable results for swing trading on a 1-minute time frame.
The Ultimate Oscillator is designed to provide a comprehensive view of market conditions by combining the RSI, MACD Histogram, and Stochastic %K. The RSI measures the speed and change of price movements, the MACD Histogram shows the relationship between two moving averages, and the Stochastic Oscillator compares the closing price to a range of prices over a period. By averaging these three indicators, the Ultimate Oscillator helps identify overbought and oversold conditions, trend strength, and potential reversals.
The Ultimate Oscillator is an open-source script that combines three well-known indicators to provide a comprehensive view of market conditions. It helps traders identify overbought and oversold conditions, trend strength, and potential reversals. The script is designed for swing trading on a 1-minute time frame, making it suitable for short-term trading strategies.
The chart published with the Ultimate Oscillator script is clean and easy to understand. The combined oscillator is plotted in blue, with overbought and oversold levels at 70 and 30, respectively. The individual indicators (RSI, MACD Histogram, and Stochastic %K) are also plotted for reference with transparency. This helps traders easily identify the script’s output and understand how the combined oscillator works.
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