Dominant Direction Oscillator from Candlestick Close Prices

Summary

The document describes a trend oscillator that estimates the dominant direction of candlestick closing prices over a selected period. It identifies two user settings: the lookback period and a calculation method. This positions the indicator as a way to summarize directional movement across recent closes, with its output intended to reflect whether price direction is predominantly upward or downward.

The calculation section is incomplete: it provides no visible equation or definition of the available methods, and it does not explain how to interpret oscillator values or use them to form trades. No chart, sample output, or performance evidence is included. As a result, the note conveys the indicator’s broad purpose and adjustable inputs but is insufficient to reproduce the calculation or assess its reliability. Any implementation would require consulting a fuller specification and validating behavior on historical data.

Key ideas

• The oscillator is intended to show the dominant direction of candlestick closing prices over a chosen interval.
• Its stated inputs are the observation period and a calculation method.
• The calculation and interpretation details are absent, so the indicator cannot be reproduced from this description alone.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.