OPEN-SOURCE SCRIPT
Percentage Oscillator Swing highest high and lowest low
This is a simple but efficient indicator.
Its made from an oscillator, which is calculated from the current close price with the highest high and the lowest low over a period of time.
This way we can see how much prices has changed over a X ammount of candles ( in positive or negative ) .
Its made from an oscillator, which is calculated from the current close price with the highest high and the lowest low over a period of time.
This way we can see how much prices has changed over a X ammount of candles ( in positive or negative ) .
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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