LazyBear

Cycle Channel Oscillator [LazyBear]

Here's an oscillator derived from my previous script, Cycle Channel Clone (https://www.tradingview.com/v/QmgtSIj5/).

There are 2 oscillator plots - fast & slow. Fast plot shows the price location with in the medium term channel, while slow plot shows the location of short term midline of cycle channel with respect to medium term channel.

Usage of this is similar to %b oscillator. The slow plot can be considered as the signal line.

Bar colors can be enabled via options page. When short plot is above 1.0 or below 0, they are marked purple (both histo and the bar color) to highlight the extreme condition.

This makes use of the default 10/30 values of Cycle Channel, but may need tuning for your instrument.

More info:

List of my free indicators: http://bit.ly/1LQaPK8
List of my app-store indicators: http://blog.tradingview.com/?p=970 (More info: http://bit.ly/lazybeardoc)
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
//
// @author LazyBear 
// List of my public indicators: http://bit.ly/1LQaPK8
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study("Hurst Cycle Channel Clone Oscillator [LazyBear]", shorttitle="HCCCO_LB", overlay=false)
scl_t =  input(10, title="Short Cycle Length?")
mcl_t =  input(30, title="Medium Cycle Length?")
scm =  input(1.0, title="Short Cycle Multiplier?")
mcm =  input(3.0, title="Medium Cycle Multiplier?")
src=input(close, title="Source")
scl = scl_t/2, mcl = mcl_t/2
ma_scl=rma(src,scl)
ma_mcl=rma(src,mcl)
scm_off = scm*atr(scl)
mcm_off = mcm*atr(mcl)
scl_2=scl/2, mcl_2=mcl/2
sct =  nz(ma_scl[scl_2], src)+ scm_off
scb =  nz(ma_scl[scl_2], src)- scm_off
mct =  nz(ma_mcl[mcl_2], src)+ mcm_off
mcb =  nz(ma_mcl[mcl_2], src)- mcm_off
scmm=avg(sct,scb)
ul=plot(1.0, title="UpperLine", color=gray), ml=plot(0.5, title="MidLine", color=gray), ll=plot(0.0, title="LowerLine", color=gray)
fill(ll,ml,color=red), fill(ul,ml,color=green)
omed=(scmm-mcb)/(mct-mcb)
oshort=(src-mcb)/(mct-mcb)
plot(omed>=1.0?omed:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOB")
plot(omed<=0.0?omed:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="MediumCycleOS")
plot(oshort>=1.0?oshort:na, histbase=1.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOB")
plot(oshort<=0.0?oshort:na, histbase=0.0, style=histogram, color=purple, linewidth=2, title="ShortCycleOS")
plot(oshort, color=red, linewidth=2, title="FastOsc")
plot(omed, color=green, linewidth=2, title="SlowOsc")
ebc=input(false, title="Enable bar colors")
bc=(oshort>0.5)?(oshort>1.0?purple:(oshort>omed?lime:green)):(oshort<0?purple:(oshort<omed?red:orange))
barcolor(ebc?bc:na)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Komen

Thanks! Applied to price works great, but applied to another price modification turns great. As an idea, I am now experimenting and having very interesting results merging with VIDYA (i.e., a 14 periods VIDYA in daily or 4h charts).
Balas
its wonderful , merg it with cci osilator and see the magic *******************************************************************************************************
Balas
Hello LazyBear

Your Indicators are just great. Bein a noob, I am sorry to ask a stupid question. How can I use these indicators on MT4? Or Jforex?
Kindly Help.

Regards
Balas
LazyBear mehtabkk
Hey, these indicators are developed in Pinescript (TV's scripting language). These cannot be used in MT4.
Balas
Lyiness mehtabkk
@mehtabkk, I have it on MT4
Balas
efkan24 mehtabkk
@mehtabkk, you're right <a>test</a>
Balas
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