Price Osc

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Definition

The Price Oscillator indicator is a technical analysis tool that is used to calculate the difference between the fast and slow moving averages of a market. The purpose of this, is that it makes value comparisons much more simple and straightforward over longer durations of time.

Default Inputs

Price sets the price used for calculation, close by default.

FastLength sets the number of bars to define the fast period for the oscillator.

SlowLength sets the number of bars to define the slow period for the oscillator.

ColorNomLength sets the number of bars used in the coloring algorithm, 14 by default.

UpColor sets the color for indicator values that are relatively high over ColorNormLength bars.

DnColor sets the color for indicator values that are relatively low over ColorNormLength bars.

GridForegroundColor sets the color for numbers in Scanner cells when both UpColor and DnColor are set to positive values.