The oscillator indicator shows a ratio between bullish and bearish candlesticks over the selected period.
It has two parameters:
- Period – calculation period
- Method – the method of smoothing
Indicator calculation:
Up (Green) = ((High - Open) + (Close - Low))/2, the average value over the selected period;Down (Red) = ((Open - Low) + (High - Close))/2, the average value over the selected period.