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DR Oscillator 8
* Measures price deviation: Calculates the percentage difference between the closing price and a simple moving average.
* Defines upper and lower limits: User-defined upper and lower limits determine overbought and oversold conditions.
* Signal line: A simple moving average of the deviation is plotted as a signal line.
* Deviation smoothing (optional): The deviation can be smoothed using a moving average to create a smoother line.
* Additional signal line (optional): An additional signal line can be added for further analysis.
* Visual representation: The oscillator is plotted with different colors to indicate overbought, oversold, or neutral conditions.
* Background coloring: The background color changes based on the oscillator's value to provide visual cues for buy or sell signals.
In summary:
The DR Oscillator helps traders identify potential buying and selling opportunities by measuring the extent to which a security's price has deviated from its moving average. When the oscillator moves above the upper limit, it suggests that the asset may be overbought and due for a price correction. Conversely, when it moves below the lower limit, it may indicate an oversold condition and a potential buying opportunity.
However, it's important to note that the DR Oscillator is just one tool and should be used in conjunction with other technical indicators and fundamental analysis for more accurate trading decisions.
* Defines upper and lower limits: User-defined upper and lower limits determine overbought and oversold conditions.
* Signal line: A simple moving average of the deviation is plotted as a signal line.
* Deviation smoothing (optional): The deviation can be smoothed using a moving average to create a smoother line.
* Additional signal line (optional): An additional signal line can be added for further analysis.
* Visual representation: The oscillator is plotted with different colors to indicate overbought, oversold, or neutral conditions.
* Background coloring: The background color changes based on the oscillator's value to provide visual cues for buy or sell signals.
In summary:
The DR Oscillator helps traders identify potential buying and selling opportunities by measuring the extent to which a security's price has deviated from its moving average. When the oscillator moves above the upper limit, it suggests that the asset may be overbought and due for a price correction. Conversely, when it moves below the lower limit, it may indicate an oversold condition and a potential buying opportunity.
However, it's important to note that the DR Oscillator is just one tool and should be used in conjunction with other technical indicators and fundamental analysis for more accurate trading decisions.
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开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。