This Oscillator helps to identify the ending of waves, good to get entries and exits.
New version:
New version:
study("Snake Oscillator","SNK_OSC") len = input(25,"Length") h = ema(high,len) l = ema(low,len) hp = h/h[len] lp = l/l[len] avg = avg(hp,lp) havg = ema(highest(avg,len),len) lavg = ema(lowest(avg,len),len) pa = plot(avg,color=gray) ph = plot(havg,color=gray) pl = plot(lavg,color=gray) fill(ph,pa,color=red,transp=60) fill(pl,pa,color=green,transp=60)