Price Oscillator

price_osc

Function Name: price_osc

Tags: Oscillator

Category: Trend

The Price Oscillator calculates and plots on the chart difference between LongPeriod and ShortPeriod simple moving averages of the Close price, shown as percentages.

The Price Oscillator illustrates the cyclical and often profitable signals generated by these one or two moving average systems. It is a trend following indicator and does an outstanding job of keeping you on the right side of the market during trending periods. However, during less decisive periods, the Price Oscillator produces small losses.

Moving average analysis typically generates buy signals when a short-term moving average rises above a longer-term moving average. Conversely, sell signals are generated when a shorter-term moving average falls below a longer-term moving average.

 

Parameters

shortPeriod

 

Default Value: 10  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

longPeriod

 

Default Value: 30  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric