Oscillator Indicators

• Feb 01, 2021
• 2 minutes to read

This document describes the Oscillator indicators used in financial charting.

An Oscillator is an indicator that fluctuates above and below a centerline or between set levels as its value changes over time.

For a 2D XY-series, you can show any number of trend indicators of the following types.

• Average True Range (ATR, AverageTrueRange)
• Commodity Channel Index (CCI, CommodityChannelIndex);
• Detrended Price Oscillator (DPO, DetrendedPriceOscillator);
• Moving Average Convergence/Divergence (MACD, MovingAverageConvergenceDivergence);
• Rate of Change (RoC, RateOfChange);
• Relative Strength Index (RSI, RelativeStrengthIndex);
• Chaikin’s Volatility (CHV, ChaikinsVolatility);
• Triple Exponential Moving Average (TriX, TripleExponentialMovingAverageTrix);
• Williams %R (%R, WilliamsR);

The following image demonstrates the MACD oscillator.

All oscillators can be displayed in a separate pane with a secondary Y-axis. For this, the SeparatePaneIndicator.Pane and SeparatePaneIndicator.AxisY properties should be specified.

To calculate all oscillators, except MACD , several point values are used. To specify this point count, use the PointsCount property of the required indicator.

To calculate the MACD oscillator, several point counts are required: short, long and smoothing period. To configure these values, specify the MovingAverageConvergenceDivergence.ShortPeriod, MovingAverageConvergenceDivergence.LongPeriod and MovingAverageConvergenceDivergence.SignalSmoothingPeriod properties.

Note

For more information about indicator periods, refer to the MACD Wikipedia page.

For the DPO , MACD , RoC , RSI and TriX oscillators, the financial series point value used to calculate an indicator can be specified. To do this, specify the ValueLevel property of the required indicator.