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OPEN-SOURCE SCRIPT

Demand Oscillator

By cheatcountry
Updated
The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think.

Let me know if you would like to see me write any other scripts!
Release Notes
updated to match with my other indicators
Release Notes
fixed issue with default resolution
Release Notes
Updated the script to provide clearer buy and sell signals
Centered OscillatorsdemandleveloscOscillatorstrendtrendcontinuationtrendfollowingtrendingtrendreversaltrendtradingVolume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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