OPEN-SOURCE SCRIPT
Midline Oscillator
A centered oscillator that rethinks the Stocastic Oscillator (and others).
The midline of historical price is used to calculate the percentage of the current price relative to the midline.
See the comments at the beginning of the script for a complete description.
The midline of historical price is used to calculate the percentage of the current price relative to the midline.
See the comments at the beginning of the script for a complete description.
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.
Disclaimer
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