Dreadblitz

Premium Stochastic Oscillator

The PSO is a rewired version of a short-period stochastic . Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In addition, the PSO is smoothed by using a double exponential moving average to provide a more even response to turns in the market.

(from TASC magazine, August 2008 issue).

The Premium Stochastic Oscillator was introduced by technical analyst Lee Leibfarth.
Release Notes: color problem corrected
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Kommentarer

Thank you for the share Sir !
Very useful indicator.
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This is a great indicator. Thanks for this. I use to short/buy forex just on a 1:1 ratio at the moment and will start backtesting soon.
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Beautiful :)
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Why is that color color.new(#006400) green is never plotted on the chart? Can you fix it? Thank you.
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sal157011 sal157011
@sal157011,
col = val>-maxLevel and val<-minLevel?color.new(#f4a560, 0) : val<-maxLevel ? color.new(#ff0000, 0) : val>minLevel and val<maxLevel? color.new(#32cd32, 0): val>maxLevel ? color.new(#006400, 0) : color.new(#a9a9a9, 0) //line 28

it was missing "and val<maxLevel" on line 28.
Svara
Dreadblitz sal157011
@sal157011, thank you very much, I just modified the line, greetings
+1 Svara
Dreadblitz sal157011
@sal157011, hello friend is correct thank you very much for detecting the bug
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