3/10 Oscillator measures price momentum. It was created by Linda Bradford Raschke (LBR) as a Moving Average Convergence Divergence indicator, working as the well known MACD, yet the 3/10 Oscillator uses SMAs rather than EMAs. The fast moving average (green line) is a SMA (10) subtracted from a SMA (3). The slow line (red) is then a SMA (16) of the slow line.
- File: 3-10 oscillator.mq4
- Size: 2 Kb