Price oscillator
- Indicatori
- Versione: 1.0
- Attivazioni: 20
PRICE Oscillator
Most oscillators give you a line. CandleOsc gives you full candlesticks — open, high, low, close — repositioned around a moving average. Zero becomes your reference point: anything above it means price is strong relative to its average, anything below means it's weak.
What that changes in practice: you're not just reading a direction, you're seeing the structure of the move. A green candle with a long upper wick, consolidation around zero, a bearish acceleration — information that classic oscillators erase by reducing everything to a single value.
The indicator displays in a separate window, keeping your main chart clean. The moving average period is adjustable to fit your trading style, whether you're scalping on lower timeframes or working with higher ones.
No magic signals, no repainting. Just a clearer read of what price is actually doing relative to its recent context.
Compatible with MetaTrader 5.
