Description
Elegant Oscillator is a technical indicator based on the signal processing techniques. It calculates the inverse Fisher transform of price and applies the SuperSmoother filter to it. The resulting line oscillates between the values -1.0 and +1.0. Values of this indicator and threshold values are used in the Elegant Oscillator strategy.
Input Parameters
| Parameter | Description |
|---|---|
rms length
|
The length used for calculation of the root mean square in the inverse Fisher transform. |
cutoff length
|
The length used in the calculation of the SuperSmoother filter. |
threshold
|
The value that sets the position of the UpperLevel and LowerLevel plots.
|
Plots
| Plot | Description |
|---|---|
ElegantOsc
|
The Elegant Oscillator plot. |
UpperLevel
|
The upper threshold of the Elegant Oscillator, which can be used to identify oscillator peaks. |
ZeroLine
|
The zero level. |
LowerLevel
|
The lower threshold of the Elegant Oscillator, which can be used to identify oscillator valleys. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.