XCalper TFO

This oscillator is designed xCalper in 2015 and is based on the calculation of moving averages to describe and predict the levels of overbought / oversold.

Fast line (default white) varies largely between -0.5 (oversold) and +0.5 (overbought). Intersection line level up -0.5 generates pereprodannosti level. Intersection +0.5 level down level perekuplennosti forms. The intersection of the fast line value of 0.0 and a return to the previous value indicates a strong pullback.

Slow line (yellow by default) - simple moving average of the fast line. As parameters are the period and extent. The interpretation of the determination of overbought / oversold levels the same as for the fast line.

Moreover, the slow line signal (positive - negative or above 0.0 - 0.0 below), together with fast, may indicate the direction of the transaction.

Oscillator is better to use on the market to the flat to enter / exit the market.