Good evening all,
Please can you help to convert this indicator on Trading View – https://www.tradingview.com/script/2Ssn4yDZ-Two-Pole-Oscillator-BigBeluga/
Many thanks.
Good evening,
Have you tried it ?
If not, here what you can expect…
Thanks, yes I have tried it and I think it works well identifying oversold or overbought areas.
Hi. here it is:
//---------------------------------------------//
//PRC_Two Pole oscillator
//version = 0
//10.02.2025
//Iván González @ www.prorealcode.com
//Sharing ProRealTime knowledge
//---------------------------------------------//
// inputs
//---------------------------------------------//
length=20 // filter length
dispLevels= 1 // display levels?
prd=25 // moving average periods
//---------------------------------------------//
// source calculation
//---------------------------------------------//
sma1=average[prd](close)
smaN1=((close-sma1)-average[prd](close-sma1))/std[prd](close-sma1)
area=average[100](high-low)
//---------------------------------------------//
// Oscillator
//---------------------------------------------//
source=smaN1
alpha=2/(length+1)
if barindex<max(prd*2,length) then
smooth1=source
smooth2=smooth1
else
smooth1=(1-alpha)*smooth1+alpha*source
smooth2=(1-alpha)*smooth2+alpha*smooth1
endif
twoP=smooth2
twoPP=twoP[4]
//---------------------------------------------//
// Colors
//---------------------------------------------//
if twoP>twoPP then
r=85
g=255
b=218
else
r=140
g=91
b=255
endif
//---------------------------------------------//
// Signals
//---------------------------------------------//
buySignal=twoP crosses over twoPP and twoP<0
sellSignal=twoP crosses under twoPP and twoP>0
if buysignal then
drawpoint(barindex[1],twoP[1],2)coloured(r,g,b)
drawpoint(barindex[1],twoP[1],5)coloured(r,g,b,100)
elsif sellSignal then
drawpoint(barindex[1],twoP[1],2)coloured(r,g,b)
drawpoint(barindex[1],twoP[1],5)coloured(r,g,b,100)
endif
//---------------------------------------------//
return twoP coloured(r,g,b)style(line,2), 1 coloured("grey",100), 0.5 coloured("grey",100), 0 coloured("black")style(dottedline3), -1 coloured("grey",100), -0.5 coloured("grey",100)
Thanks Ivan. Thats great.
can this be installed on mt5?
To install the indicator in MT5 you need to translate it into that language.
zero idea on how to do that any recommendations??
To convert and install it on MT5 you have to resort to a forum devoted to that trading platform, this one is only dedicated to ProRealTime.
