Oscillator Rolling

osc_roll

Function Name: osc_roll

Tags: Oscillator

Category: Trend

The Rolling Oscillator is the simple difference between two Rolling Moving Averages.

An oscillator helps determine whether a market is overbought or oversold. These indicators show us when a market has become extreme (moved too far in one direction). When this occurs, the market usually corrects itself by pausing and then moving sideways, or even moving in the opposite direction of the existing trend.

Oscillators also indicate a divergence, usually before it actually occurs, during the extreme price activity. When this occurs, it is usually a sign that a trend is losing momentum.

 

Parameters

period1

 

Default Value: 5  |  Minimum: 1  |  Maximum: 9999

 

Type: Numeric

period2

 

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

 

Type: Numeric