Price Cycle Oscillator Normalized by Average True Range

Summary

The document describes a Price Cycle oscillator with four configurable inputs: a calculation period, a calculation method, and overbought and oversold levels. Its stated calculation takes a moving average of the difference between the close and low prices, then divides that value by average true range (ATR). This normalization relates the close-to-low measure to recent market range, while the threshold inputs can be used to mark extreme readings.

The document provides no parameter guidance, interpretation rules, trading signals, examples, or performance evidence. It also does not specify the moving-average variants, ATR details, or how overbought and oversold levels should be calibrated. It is therefore a brief indicator description rather than a tested trading method; users would need additional specification and independent evaluation before applying it.

Key ideas

• The oscillator divides a moving average of close minus low by average true range.
• It exposes a period, calculation method, overbought level, and oversold level as inputs.
• The document does not explain threshold selection or provide evidence of trading performance.

Tags

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