The PSO is a rewired version of a short-period stochastic. Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In addition, the PSO is smoothed by using a double exponential moving average to provide a more even response to turns in the market.
(from TASC magazine, August 2008 issue).
The Premium Stochastic Oscillator was introduced by technical analyst Lee Leibfarth.
Hello. Can you explain what the colors on the Premium Stochastic Oscillator indicator mean?
Thanks
Fisheep
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Seems a very excellent indicator i want to try on FX trading.
May I ask which time frame is the best for it?
homotradeuspro
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Estoy alucinando!. Necesito hacer más backtesting. Muchas gracias!. Tremendo aporte amigo.
faysalash00
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Excellent indicator.....thanks author for helping us
GrimReaper_
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You are very talented ... I thank you for your work ... God Bless.
EkaSanatani
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Good day. May I know why the indicator value is (0, 1, -1) in charts such as E-mini Dow index futures but shows two decimals values such as (-0.91) in crude oil futures. Thanks
jjenkins01041993
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great indicator, thanks!
simwai
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Just an idea, maybe you could use TEMA instead of DEMA. Would make it even faster. Nice indicator btw.
Thanks