⚛SHO - Simple Harmonic Oscillator by Cryptorhythms

١١ مايو ٢٠١٩

⚛SHO - Simple Harmonic Oscillator by Cryptorhythms

Intro
SHO – Simple Harmonic Oscillator - A Time Cycle Oscillator. Published in IFTA Journal 2018 by Akram El Sherbini.

Description
Bullish signals are generated when SHO crosses over 0
Bearish signals are generated when SHO crosses under 0

OverBought level is 40
OverSold level is -40
ExtremeOB level is 60
ExtremeOS level is -60

As with most oscillators, divergences can be taken advantage of.

Zero line represent the point of control between bears and bulls. A companion indicator to the Simple Harmonic Index (tradingview.com/script/g0JrG7wK-SHI-Simple-Harmonic-Index-by-Cryptorhythms/)

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