Paran Oscillator M4

Paran Oscillator is a sensitive indicator to find each trend direction change. It emulates price variations and shows up or down trends.

At first, indicator passes the price curve through some filters to eliminate sharp and fast changes that make ripples and unnecessary noises. The procedure is making two price functions by using high-frequency and low-frequency filters separately. Then add them together to create a smoothed price curve. The final stage of indicator is converting this smoothed curve to an oscillator by calculating its standard variable.

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