Track Cyclical oscillator displays percentage price change relative to its moving average.
The indicator has nine adjustable parameters:
- Period - calculation period
- Method - calculation method
- Applied price
- Exceptional overbought - overbought area in the area of exceptional fluctuations
- Abnormal overbought - overbought area in the area of abnormal fluctuations
- Normal overbought - overbought area in the area of normal fluctuations
- Normal oversold - oversold area in the area of normal fluctuations
- Abnormal oversold - oversold area in the area of abnormal fluctuations
- Exceptional oversold - oversold area in the area of exceptional fluctuations
Calculation:
TC = 100.0 * (Applied price-MA) / MA
where:
MA - SMA(Applied price,Period,Method)