Creation of an Oscilator

• 06/19/2021 at 6:39 PM #172038
  oyinloyea

  I saw this code on tradingview that I am trying to ode in prorealcode without luck. Please help

  //@version=4
  study(“Chart Traders: PivotBoss – Oscillator”, overlay=false)

  shortPEMA = input(8)
  medPEMA = input(13)
  longPEMA = input(21)
  smaPeriods = input(1)

  fPivot = hlc3
  fPEMADiff1 = (ema(fPivot, shortPEMA) – ema(fPivot, longPEMA))
  fPEMADiff2 = (ema(fPivot, medPEMA) – ema(fPivot, longPEMA))
  fPEMADiff3 = (ema(fPivot, shortPEMA) – ema(fPivot, medPEMA))

  fPEMASep = ((fPEMADiff1 + fPEMADiff2 + fPEMADiff3) / fPivot) * 5
  fPSepSMA = sma(fPEMASep, smaPeriods)

  col = if fPEMASep > 0 and fPEMASep > fPEMASep[1]
  color.gray
  else
  if (fPEMASep < fPEMASep[1]) or (fPEMASep < 0 and fPEMASep < fPEMASep[1])
  color.red
  else
  if fPEMASep > fPEMASep[1]
  color.gray
  else
  color.new(color.black, 100)

  plot(fPEMASep, title=”PEMASep”, color=col, linewidth=3, style=plot.style_columns)

  plot(fPSepSMA, title=”PSepSMA”, color=color.gray, linewidth=2)
  plot(0, title=”ZERO”)

  

  oyinloyea

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  06/19/2021 at 7:03 PM #172040
  oyinloyea

  Based on the above, this is the original code for the EMA of pivots on Price. Now I want to create an oscillator based the elements used in the code shown below.

  // Daily Pivot
  Timeframe(Daily,UpdateOnClose)
  MyPivot = (high + low + close) /3 //Daily Pivot
  //MyEma = Average[ave,1](MyPivot) //Ema8 of Daily Pivot
  Pema13 = Average[13,1](MyPivot)
  Pema34 = Average[34,1](MyPivot)
  Pema55 = Average[55,1](MyPivot)
  Timeframe(default)

   

  Oscilator wil be smilr to the attaced below
  RETURN Pema13 AS “Pema13”, Pema34 as “Pema34” , Pema55 as “Pema55”

  

  oyinloyea

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  Replies: 24

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