Indicators: Ind - Widners Oscilator
Good afternoon, author!
You couldn't explain the lines in the bottom window.
I know that support and resistance lines are drawn in the main window.
These lines connect, for example, peaks with approximately the same prices.
But how to understand the support and resistance lines in the lower window?
I tried to mentally interpret it, but I lack imagination.
Can you explain to me?
Victor Ziborov #: Good afternoon, author! You couldn't explain the lines in the bottom window. I know that support and resistance lines are drawn in the main window. These lines connect, for example, peaks with approximately the same prices. But how to understand the support and resistance lines in the lower window? I tried to mentally interpret it, but I lack imagination. Can you explain to me?
Do a search on the web for "Automated Support And Resistance" by Mel Widner, Ph.D. published in the May 1998 issue of Technical Analysis of STOCKS & COMMODITIES magazine, Ref: V16:5 (225-232).
EDIT: Also read the following for more information on the indicator:
Mladen Rakic, 2018.05.02 16:32
WSO (Widner Support Oscillator) and WRO (Widner Resistance Oscillator).
Ind - Widners Oscilator:
The Ind-Widners Oscilator indicator. Draws the support and resistance levels.
Author: John Smith