Ankit_1618

FRAMA Awesome Oscillator (FAO)

FRAMA Awesome Oscillator (FAO) is an indicator that is non-limiting oscillator, providing insight into the weakness or the strength of a security. The Oscillator is used to measure market momentum and to affirm trends or to anticipate possible reversals. It does this by effectively comparing the recent market momentum, with the general momentum over a wider frame of reference.

FRAMA stands for

The Oscillator in the script is calculated using FRAMA of length 55
which is segmented by EVWMA [Elastic Volume weighted moving average] of FRAMA

Calculations:
AO = (Difference of FRAMA and eVWMA basis of FRAMA ) or diff
Represented by green and red columns

The black segmenting line is an eVWMA line of diff and is of length 21


This indicator may be useful in finding divergences and can be traded as we trade awesome oscillator in general

Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?
Masters in Quantitative Finance,
University of London .

Algorithmic Trading Certifications
University of Oxford, Säid Business School .

Electronics and Communications Engineer at core .

Message to Learn more!

Kommentarer