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Taint's Oscillator

933
This oscillator is great for both scalping and larger time frame trading. It is based on a larger strategy I use. This oscillator takes into account volume and also eliminates lag.


Buy Rules:

-Green dot on the signal line is the weaker buy signal, and it can give false signals.
-Signal line crosses above zero is a strong buy signal.
-Best practice is to wait for the signal to cross above zero after seeing the green dot appear

Sell Rules:

-Red dot on the signal line is the weaker sell signal, and it can give false signals.

-Signal line crosses below zero is a strong sell signal.

-Best practice is to wait for the signal to cross below zero after seeing the red dot appear


Strength Wave

-This typically shows whether you are counter trend trading or trading with the trend.

-A buy signal from the signal line (zero cross) while the Strength Wave is red, far way from crossing above zero,
and not trending sharply towards zero may be short lived.

-A buy signal (zero cross) when the strength wave is red and near crossing zero or green and trending up has a
high chance of resulting in a higher move up and better returns.

-A buy signal when the strength wave is green but near zero or trending sharply towards zero should be approached with caution.

-These same rules apply inversely to sell signals


Sentiment Line

-This histogram showsbullish or bearish sentiment. Above zero is bullish. Below zero is bearish.
-Crosses above or below zero can signal trend reversals.
版本注释
Version 2: Completely revamped version of the original with even less lag.
版本注释
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版本注释
IGNORE PREVIOUS RULE SET

Buy Rules:

--Weak: Black line crosses above zero
--Strong: Black line crosses above zero and dotted line is either below zero and orange or above zero and green.
--Strongest: Black line crosses above zero, dotted line is either below zero and orange or above zero and green, and histogram is either below zero and orange about to cross above zero or above zero and green.


Sell Rules:

--The inverse of the buy rules.



Strength Wave (Dotted Line)


--Used to determine whether you're trading with or against the trend
--Used to signal a coming trend reversal (zero crosses)


Momentum
--Used to determine the directional momentum of the current trend.
--Used to confirm a trend reversal, and to signal coming trend reversals.
--Orange columns signal weakness in the trend.
--Crosses above or below zero signal trend reversals.
版本注释
快照
版本注释
Numerous Improvements made with better signals.

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