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 in the sub-sections below:

Type

Determines the type of oscillator to display, options include:

  • Lux

  • Confirmation

  • Normalized

  • Legacy

Each type is described in the pages given in features.

Length

Determines the period of each oscillator, with higher length values aiming to give information about longer-term price variations. 14 by default.

Source

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

This setting does not affect the Lux type.

Confirmation Smoothing

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

Confirmation Smoothing Method

Select 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)

Show Dashboard

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

Advanced Style Settings

Various settings control the visual aspect of the indicator, each one is described in the sub-sections below:

Gradient

Determines 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 Lux and Legacy oscillator types are not affected by this setting.

Color Fill

Determines whether the area between two plots is filled with a color or not.

The Lux type is not affected by this setting.

Color Fill Transparency

Transparency of the area between two plots when a gradient is selected.

The Lux and Legacy types are not affected by this setting.

Overbought/Oversold Level

Determines the value of the overbought/oversold levels displayed by the Lux, Normalized, and Legacy oscillator types.