OPEN-SOURCE SCRIPT

UCS_Momentum Oscillator

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I am not sure if someone else has already thought about it. But this is something I use to measure the meaningful oversold and overbought level, provided the stock is in a trend. I will add a Trend Indicator along with this in the next version.

I have added RSI, ROC, Stoch to compare. From the code below, i am using Stochastic, but the idea is same, if you use RSI. Experiment with your own comfortable time frames.

This is not a holy grail, The oversold and overbought in a trend transition period could be misleading. But over all, Its a good measure to trade overbought and oversold region

List of All my Indicators - tradingview.com/p/stocks/?sort=recent&time=day&by=ucsgears

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.