Top and Bottom Oscillator - Quan Dao

This oscillator used to find bottoms and tops to decide when to go in and out of the market. It takes combination of price power, its direction and volume over the time into consideration.

*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.

*** Indicator colors:
- Red: trend down
- Green: trend up
- Black: trend is on-going (either up or down), should wait for the reversal to come.

*** As a general rule of using any oscillator indicator:
- Buy when the oscillator is low and sell when oscillator is on its top.
- Be hesitate to buy when oscillator is on top just because the price is high and everyone is excited about it, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.

Notes de version:

Updated to USD/JPY to have longer view in term of time.

Notes de version:

Updated UI and underlying calculation.
Added MACD for TAB line as well.

Notes de version:

Updated chart view.

Notes de version:

Plot MACD histogram by area instead of bars.

Notes de version:

Use -20 as hist base for MACD histogram.

Notes de version:

Use Apple stock as example.

Notes de version:

- Add a new tool to check the trend: Trending Oscillator (over 100 and under -100 are overbought and oversought areas)
- Use the Trending Oscillator to check what the trend is now.
- Then use the TAB Oscillator for timing your enter entry with the trend.

Notes de version:

Use BTC 4H chart.

Notes de version:

Use TNAMA for the MA.
Add more signals when the MA is oversold or overbought (under 0 or over 100).
Change default length to 73.

Notes de version:

- Update default length to a longer value.
- Use NAMA cloud to indicate trending status (background color).

Notes de version:

Add ability to edit timeframe (MTF).