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:
The Lux Oscillator has various settings affecting the appearance and behavior of the indicator, each one described below:
Determine the type of oscillator to display, options include:
Normalized (by default)
Each type is described in the pages given in features.
Determine the period of each oscillator, with higher length values aiming to give information about longer-term price variations. 100 by default.
Input source of the indicator. This setting allows using external indicators as input for the Lux Oscillator. Close by default.
Control the degree of smoothing applied to the oscillator when Confirmation or Normalized is selected in Type.
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)
Determines the indicator used by the directional heatmap, see:
Various settings control the visual aspect of the indicator, each one is described below:
Determine the color to be used in the gradient, options include:
Red To Green
Red To Blue
When None is selected no gradient is applied. Red To Green is selected by default.
Determine whether the area between two plots is filled with a color or not, options include:
On by default.
Determine whether to show or hide the displayed dashboard. Displayed by default.