The Super oscillator indicator is an oscillator designed to find pivot points. A set of bar calculations and a set of algorithms for calculating the trend reversal.
A system for finding levels with high-probability trends. All these features together make it easier for investors to find trends.
- The Super Oscillator indicator has two levels.
- They are at levels of 0.5 and -0.5.
- To detect an uptrend, the oscillator bars must be below the -0.5 level.
- The blue bars tend to move up.
- To detect a downtrend, the oscillator bars must be above the 0.5 level.
- The pink bars tend to move downwards.
- It can be used on all timeframes.
- It can be used on all pairs.
- Period – the period of the oscillator. The default value is 14.
- CountBars – the number of history bars for calculations.