"Moneyball" Oscillator
The Moneyball is a complex trading indicator that's not just a simple oscillator or RSI. It uses sophisticated mathematical formulas and arrays to:
Identify chop zones in price action
Look for specific price movements and breakouts
Combine momentum and level analysis
Settings
Colors
UpColor - Change the color here for the bullish Moneyball bars
DownColor - Change the color here for the bearish Moneyball Bars
Parameters
Nb_bars - Number of bars required before next alert
Period - Controls the amount of data the script uses for calculation.
4-8 for scalping
8-20 for trend bias
Anything below 4 becomes erratic
All_Zero - Keep this checked
Upper Threshold - The level that the Moneyball indicator must meet for a bullish alert
Lower Threshold - The level that the Moneyball indicator must meet for a bearish alert
Sensitivity - A fine-tuning setting. Move in micro-adjustments (0.1-0.3). Higher values = earlier signals
Mode - Leave this on M. M1 and M2 are for testing
Last updated