Lux Oscillator

Features

The Lux Oscillator is an all in one indicator that includes 4 exclusive oscillators that the user can choose. Each oscillator is described in the following pages:

Main Settings

The Lux Oscillator has various settings affecting the appearance and behavior of the indicator, each one described below:

Type
Length
Source
Confirmation Smoothing
Confirmation Smoothing Method
Directional Heatmap Method
Type

Determine the type of oscillator to display, options include:

  • Confirmation

  • Normalized (by default)

  • Cycle

  • Legacy

  • Directional Heatmap

Each type is described in the pages given in features.

Length

Determine the period of each oscillator, with higher length values aiming to give information about longer-term price variations. 100 by default.

Does not affect the directional heatmap.

Source

Input source of the indicator. This setting allows using external indicators as input for the Lux Oscillator. Close by default.

Confirmation Smoothing

Control the degree of smoothing applied to the oscillator when Confirmation or Normalized is selected in Type.

Confirmation Smoothing Method

Selected the smoothing method to use when Confirmation or Normalized is selected in Type. Includes:

  • EMA (Exponential moving average)

  • TMA (Triangular moving average)

  • Hull (Hull moving average)

  • Lux (An exclusive adaptive smoothing method)

Directional Heatmap Method

Determines the indicator used by the directional heatmap, see:

Plot Settings

Various settings control the visual aspect of the indicator, each one is described below:

Gradient
Color Fill
Show Dashboard
Gradient

Determine the color to be used in the gradient, options include:

  • Red To Green

  • Red To Blue

  • None

When None is selected no gradient is applied. Red To Green is selected by default.

The legacy oscillator is not affected by this setting.

Color Fill

Determine whether the area between two plots is filled with a color or not, options include:

  • On

  • Off

On by default.

Show Dashboard

Determine whether to show or hide the displayed dashboard. Displayed by default.

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