Description

• Price Oscillator displays the difference between two moving averages of the security's price. It is almost similar to MACD study.
• Difference between Short and long moving average is representing in points

Interpretation

• It is a very easy to understand study, fluctuating above and below the zero line
• If Price Oscillator moves above 0 level, price is in positive trend
• If Price Oscillator moves below 0 level, price is in negative trend
• Being moving average based oscillator, it helps to catch trend without plotting averages on price

Default Parameters Used/Inputs

• Close Line
• Fast Avg Type
• Fast Bars
• Slow Avg Type
• Slow Bars

Returns/Output

Price Oscillator value for the scrip based on parameters

Formula

Price Oscillator = Short Moving Avg – Long Moving Avg