Description
The SVEZLRBPercB strategy is based upon the eponymous study, a zero-lag oscillator which smooths data with Rainbow, Double Exponential, and Triple Exponential Moving Averages, combined with a stochastic one. A Buy signal is given when the study's PercentB and Stochastic plots both get higher than their respective previous values (i.e., both start rising); Sell signal when they start decreasing.
Input Parameters
| Parameter | Description |
|---|---|
price
|
The price with which the Rainbow Moving Average is calculated. |
std dev length
|
Defines period on which standard deviation is found. |
ema length
|
Defines period on which moving averages are calculated. |
num dev
|
The number of standard deviations defining the half-distance between the bands. |
k period
|
Defines FastK period for stochastic calculation |
slowing period
|
Defines length of moving average for stochastic calculation. |
Further Reading
1. "Oscillators, Smoothed" by Sylvain Vervoort. Technical Analysis of Stocks & Commodities, September 2013.