Lux Oscillator

V3

v3.0.1

  • Fixed the oscillator not being able to be loaded on a chart

  • Improved divergences detection for the Lux oscillator style

  • Scaled legacy oscillator in a 0/100 range

  • Minor changes

v3.0

  • New Lux oscillator type.

  • Exclusive dashboard for the Lux oscillator type.

  • New alert conditions for the Lux oscillator type.

  • New design for the input settings window.

  • Added tooltips to the input settings window.

V2

v2.1

  • New Directional Heatmap oscillator type

  • Added Directional heatmap Method setting

  • Set Normalized oscillator type as default

  • Minor Changes

v2.0

  • Added 3 new oscillators, Confirmation, Normalized, and Cycle

  • Option to use a color gradient, with two color modes available

  • Added an oscillator dashboard

  • Renamed old "Lux Oscillator" as "Legacy" in "Type"

V1

Added a new product to work in confluence with our main Lux Algo V2 script, called Lux Oscillator.

The Lux Oscillator is inspired by stochastics and market balance. The oscillator is a responsive ribbon which at times provides earlier signals compared to a normal stochastic. When the oscillator crosses over to become blue this is a bullish signal and when the oscillator crosses over to become red this is a bearish signal. It also is great for spotting divergences. This can give the user opportunities to enter earlier into positions.

Lux Oscillator works great in confluence with our main script Lux Algo V2. It works on any market. It also excels in ranging markets and can be used on any timeframe.