Track Cyclical oscillator displays percentage price change relative to its moving average.
The indicator has nine adjustable parameters:
- Period – calculation period
- Method – calculation method
- Applied price
- Exceptional overbought – overbought area in the area of exceptional fluctuations
- Abnormal overbought – overbought area in the area of abnormal fluctuations
- Normal overbought – overbought area in the area of normal fluctuations
- Normal oversold – oversold area in the area of normal fluctuations
- Abnormal oversold – oversold area in the area of abnormal fluctuations
- Exceptional oversold – oversold area in the area of exceptional fluctuations
Calculation:
TC = 100.0 * (Applied price-MA) / MA
where:
MA – SMA(Applied price,Period,Method)
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