Revolver Oscillator Strategy 1.2 (RSI+UO+MFI)

2022年8月18日

ROS (Revolver Oscillator Strategy)
Version 1.2

Description
This script combines three popular oscillators (RSI, Ultimate Oscillator and MFI) to accurately determine the price momentum of an asset.

Context
- RSI (Relative Strength Index) is a momentum oscillator that measures the speed and change of price movements over a period of time (14).
- Ultimate Oscillator uses three different periods (7, 14, and 28) to represent short, medium, and long-term market trends.
- Money Flow Index (MFI) is a momentum indicator that measures the flow of money into and out over a period of time. It is related to the Relative Strength Index (RSI) but incorporates volume, whereas the RSI only considers price

How does it work?
When a RED bar appears, it means that the three oscillators have exceeded the set thresholds, and it is a SELL signal.
When a GREEN bar appears, it means that the three oscillators are below the set thresholds, and it is a BUY signal.

I recommend leaving the default settings.

2022年8月18日

版本注释

Fixed some bugs

2022年8月18日

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New color codes
RSI: purple line
Ultimate Oscillator: red line
Money Flow Index: green line

2022年8月18日

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Added a swith to deactivate MFI in the strategy calculation.

2022年8月19日

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Added a swith to deactivate ULT in the strategy calculation.

2022年8月23日

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Improvements in the UI.

2022年9月9日

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Improvements in the UI.

2023年6月2日

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Various improvements in the interface

2023年11月15日

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Updated oscillator algoritm

2024年10月25日

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General Update
Added QQE oscillator

2024年11月14日

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Added green/red dots to indicate extreme areas
Added median wave (thanks to Fab_Coin_ )