Wildhog Oscillator for Overbought, Oversold, and Divergence Signals

Summary

Wildhog is an oscillator intended to flag overbought and oversold conditions and identify divergences. It is described as usable across timeframes and uses the most recent high, low, and close data over a configurable lookback period. The user can set the period and the two threshold levels.

Its stated calculation scales the close's position within the period's price range, divides by three times that range, multiplies by 100, and adds the prior oscillator value. The document gives no backtest, performance evidence, or detailed interpretation rules for its signals. It also does not explain initialization, behavior when the high and low are equal, or how to distinguish useful divergences from noise, so the indicator description alone is not a complete trading strategy.

Key ideas

• Wildhog is presented as an oscillator for overbought and oversold readings and divergence searches.
• The calculation uses the close and the highest and lowest prices over a configurable period.
• The lookback period and overbought and oversold thresholds are user inputs.
• The description provides no performance results or rules for acting on its signals.

Tags

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