ElegantOscillator

Description

Elegant Oscillator is a technical indicator based on the signal processing techniques. It calculates the inverse Fisher transform of price and applies the SuperSmoother filter to it. The resulting line oscillates between the values -1.0 and +1.0. Values of this indicator and threshold values are used in the Elegant Oscillator strategy.

Input Parameters

Parameter Description
rms length The length used for calculation of the root mean square in the inverse Fisher transform.
cutoff length The length used in the calculation of the SuperSmoother filter.
threshold The value that sets the position of the UpperLevel and LowerLevel plots.

Plots

Plot Description
ElegantOsc The Elegant Oscillator plot.
UpperLevel The upper threshold of the Elegant Oscillator, which can be used to identify oscillator peaks.
ZeroLine The zero level.
LowerLevel The lower threshold of the Elegant Oscillator, which can be used to identify oscillator valleys.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.