Indicators: M-oscillator

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Automated-Trading
145301
Automated-Trading  

M-oscillator:

M-oscillator

M-oscillator

Author: Mladen Rakic

Hubertnubert
28
Hubertnubert  
The idea of this indicator is coming from "Mohamed Fawzy" and is published in the IFTA-Journal 2018.
Mladen Rakic
126471
Mladen Rakic  
Hubertnubert:
The idea of this indicator is coming from "Mohamed Fawzy" and is published in the IFTA-Journal 2018.

You are right. Thank you for this additional information


This is a part from the original article describing its usage :

The Use of M-Oscillator
Interpretation
• M-Oscillator is plotted along the bottom of the price chart; it fluctuates between positive and negative 14.
• Movement above 10 is considered overbought, and movement below -10 is oversold.
• In sharp moves to the upside, the M-Oscillator fluctuates between 5 and 14, while in down side it fluctuates between -5 and -14.
• In an uptrend, the M-Oscillator fluctuates between zero and 14 and vice versa.

As it is seen, the +14 to -14 range interpretation exists already in the original article. I must repeat that that range exists only if period 14 is used, and that if any period other than 14 is used, that range changes. For further details check the extended version

EricForex
417
EricForex  

Hi 


Is this indicator available in MT4 format?  Thanks

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