OPEN-SOURCE SCRIPT

FUERST

By beatingdowjones
Updated
Uses Normalized Price Oscillator and Stochastics and combines them as an ADX weighted measure.

During low trend intensity Stochastics gets higher weighted than Price Oscillator, and vice-versa in times of high trend-intensity.
Release Notes
improved adx check
adding signals
Release Notes
using normalized macd
Release Notes
further simplifications
Average Directional Index (ADX)Detrended Price Oscillator (DPO)Stochastic Oscillator
beatingdowjones

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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