PE_Price_Oscillator
Hello!
This is similiar to the Price Oscillator ( PPO) that you can find in the Technical Analysis: Built ins.
It is just added colors so you can see patterns when the lines( histogram) are crossing , maybe add some alerts when plots are crossing different levels.
I want to say that I´m no expert in this area, I just had an idea about this and wanted to see if it was possible to create an oscillator that in some way explains the power inside, so this is what i come up with.
hope you like, feel free to change
All the best
Patrik
This is similiar to the Price Oscillator ( PPO) that you can find in the Technical Analysis: Built ins.
It is just added colors so you can see patterns when the lines( histogram) are crossing , maybe add some alerts when plots are crossing different levels.
I want to say that I´m no expert in this area, I just had an idea about this and wanted to see if it was possible to create an oscillator that in some way explains the power inside, so this is what i come up with.
hope you like, feel free to change
All the best
Patrik
study("PE_Price_Oscillator")
// Created by Patrik Enberg. 20150502
// Updated 20150502
// Patrik_Enberg
diff00=close - close[10]
diff01=close - close[9]
diff02=close - close[8]
diff03=close - close[7]
diff04=close - close[6]
diff05=close - close[5]
diff06=close - close[4]
diff07=close - close[3]
diff08=close - close[2]
diff09=close - close[1]
diff0=close[1] - close[11]
diff1=close[1] - close[10]
diff2=close[1] - close[9]
diff3=close[1] - close[8]
diff4=close[1] - close[7]
diff5=close[1] - close[6]
diff6=close[1] - close[5]
diff7=close[1] - close[4]
diff8=close[1] - close[3]
diff9=close[1] - close[2]
diff10=close[2] - close[12]
diff11=close[2] - close[11]
diff12=close[2] - close[10]
diff13=close[2] - close[9]
diff14=close[2] - close[8]
diff15=close[2] - close[7]
diff16=close[2] - close[6]
diff17=close[2] - close[5]
diff18=close[2] - close[4]
diff19=close[2] - close[3]
diff20=close[3] - close[13]
diff21=close[3] - close[12]
diff22=close[3] - close[11]
diff23=close[3] - close[10]
diff24=close[3] - close[9]
diff25=close[3] - close[8]
diff26=close[3] - close[7]
diff27=close[3] - close[6]
diff28=close[3] - close[5]
diff29=close[3] - close[4]
diff30=close[4] - close[14]
diff31=close[4] - close[13]
diff32=close[4] - close[12]
diff33=close[4] - close[11]
diff34=close[4] - close[10]
diff35=close[4] - close[9]
diff36=close[4] - close[8]
diff37=close[4] - close[7]
diff38=close[4] - close[6]
diff39=close[4] - close[5]
diff40=close[5] - close[15]
diff41=close[5] - close[14]
diff42=close[5] - close[13]
diff43=close[5] - close[12]
diff44=close[5] - close[11]
diff45=close[5] - close[10]
diff46=close[5] - close[9]
diff47=close[5] - close[8]
diff48=close[5] - close[7]
diff49=close[5] - close[6]
diff50=close[6] - close[16]
diff51=close[6] - close[15]
diff52=close[6] - close[14]
diff53=close[6] - close[13]
diff54=close[6] - close[12]
diff55=close[6] - close[11]
diff56=close[6] - close[10]
diff57=close[6] - close[9]
diff58=close[6] - close[8]
diff59=close[6] - close[7]
diff60=close[7] - close[17]
diff61=close[7] - close[16]
diff62=close[7] - close[15]
diff63=close[7] - close[14]
diff64=close[7] - close[13]
diff65=close[7] - close[12]
diff66=close[7] - close[11]
diff67=close[7] - close[10]
diff68=close[7] - close[9]
diff69=close[7] - close[8]
diff70=close[8] - close[18]
diff71=close[8] - close[17]
diff72=close[8] - close[16]
diff73=close[8] - close[15]
diff74=close[8] - close[14]
diff75=close[8] - close[13]
diff76=close[8] - close[12]
diff77=close[8] - close[11]
diff78=close[8] - close[10]
diff79=close[8] - close[9]
diff80=close[9] - close[19]
diff81=close[9] - close[18]
diff82=close[9] - close[17]
diff83=close[9] - close[16]
diff84=close[9] - close[15]
diff85=close[9] - close[14]
diff86=close[9] - close[13]
diff87=close[9] - close[12]
diff88=close[9] - close[11]
diff89=close[9] - close[10]
diff90=close[10] - close[20]
diff91=close[10] - close[19]
diff92=close[10] - close[18]
diff93=close[10] - close[17]
diff94=close[10] - close[16]
diff95=close[10] - close[15]
diff96=close[10] - close[14]
diff97=close[10] - close[13]
diff98=close[10] - close[12]
diff99=close[10] - close[11]
w=diff00+diff10+diff20+diff30+diff40+diff50+diff60+diff70+diff80+diff90
w1=diff01+diff11+diff21+diff31+diff41+diff51+diff61+diff71+diff81+diff91
w2=diff02+diff12+diff22+diff32+diff42+diff52+diff62+diff72+diff82+diff92
w3=diff03+diff13+diff23+diff33+diff43+diff53+diff63+diff73+diff83+diff93
w4=diff04+diff14+diff24+diff34+diff44+diff54+diff64+diff74+diff84+diff94
w5=diff05+diff15+diff25+diff35+diff45+diff55+diff65+diff75+diff85+diff95
w6=diff06+diff16+diff26+diff36+diff46+diff56+diff66+diff76+diff86+diff96
w7=diff07+diff17+diff27+diff37+diff47+diff57+diff67+diff77+diff87+diff97
w8=diff08+diff18+diff28+diff38+diff48+diff58+diff68+diff78+diff88+diff98
w9=diff09+diff19+diff29+diff39+diff49+diff59+diff69+diff79+diff89+diff99
p = plot(w, color=blue, style=histogram, linewidth=2, title="")
p1 = plot(w1, color=white, style=histogram, linewidth=2, title="")
p2 = plot(w2, color=green, style=histogram, linewidth=2, title="")
p3 = plot(w3, color=red, style=histogram, linewidth=2, title="")
p4 = plot(w4, color=purple, style=histogram, linewidth=2, title="")
p5 = plot(w5, color=maroon, style=histogram, linewidth=2, title="")
p6 = plot(w6, color=orange, style=histogram, linewidth=2, title="")
p7 = plot(w7, color=lime, style=histogram, linewidth=2, title="")
p8 = plot(w8, color=navy, style=histogram, linewidth=2, title="")
p9 = plot(w9, color=yellow, style=histogram, linewidth=2, title="")