OPEN-SOURCE SCRIPT

[blackcat] L1 Vitali Apirine HHs & LLs Stochastics

Level 1

Background

This indicator was originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips.

Function

According to Vitali Apirine, his momentum indicator–based system HHLLS (higher high lower low stochastic) can help to spot emerging trends, define correction periods, and anticipate reversals. As with many indicators, HHLLS signals can also be generated by looking for divergences and crossovers. Because the HHLLS is an oscillator, it can also be used to identify overbought & oversold levels.


Remarks
I changed EMA or SMA into hanning windowing function to reduce lag issue.
colorful area is bearish power.
colorful solid thick line is bull power.

Feedbacks are appreciated.
blackcat1402Centered Oscillators

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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