# "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
Moneyball Indicator on NQ 20 Renko Chart
### 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
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