Line Oscillator is basically a Simple moving average of the difference between two input data
It uses high rate and low rate by default as its input data and shows SMA of their difference
Two Line oscillators of different periods can be plotted together to give crossover signals
Interpretation
A rising LineOsc indicates that stock is having large movement
A falling LineOsc indicates that stock is undergoing a narrow trade
Positive and negative crossovers using two LineOsc of Close rate, Open rate can be used to take long & short trade. ( E.g – 5 bar LineOsc & 10 bar LineOsc)
Default Parameters Used/Inputs
High Line
Low Line
Bars
Returns/Output
Price Oscillator values of stock for the based on specified period
