Indicators: Elliot Oscillator Simple
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Elliot Oscillator Simple:
By definition Elliot Oscillator is a "34 period Simple Moving Average of prices subtracted from a 5 period Simple Moving Average of prices displayed as a histogram above and below a zero line" (it is sometimes called a "5/34 Oscillator").
This version is doing exactly the same with only one difference: it allows you to chose periods of calculation. This way it is as simple as it gets and shows exactly what Elliot Oscillator indicator is about.
Author: Mladen Rakic