Revolver Oscillator Strategy 1.2 (RSI+UO+MFI)

18 Ağu 2022

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.

18 Ağu 2022

Sürüm Notları

Fixed some bugs

18 Ağu 2022

Sürüm Notları

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

18 Ağu 2022

Sürüm Notları

Added a swith to deactivate MFI in the strategy calculation.

19 Ağu 2022

Sürüm Notları

Added a swith to deactivate ULT in the strategy calculation.

23 Ağu 2022

Sürüm Notları

Improvements in the UI.

9 Eyl 2022

Sürüm Notları

Improvements in the UI.

2 Haz 2023

Sürüm Notları

Various improvements in the interface

15 Kas 2023

Sürüm Notları

Updated oscillator algoritm

25 Eki 2024

Sürüm Notları

General Update
Added QQE oscillator

14 Kas 2024

Sürüm Notları

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