King Oscillator

Creator: Definedge

As the name suggests, this is an oscillator of all popular oscillators in technical analysis. Using this study, you can analyze all oscillators at once.

Oscillators are range bound indicators. There are some unbounded momentum indicators as well. These oscillators help us identify momentum and overbought-oversold zones.

There was an idea to combine all the oscillators in one study but it is very ticky. Some studies complement each other, some studies contrast and some are overlapping. We worked on it and modified the things in a way that they complement each other.

Components of indicators such as RSI, CMO, CMI, MFI, TSI, Stochastics, Ultimate oscillator, ROC, William R%, etc. are covered in this indicator.

When the King oscillator line crosses above its average line, it’s a bullish crossover. When the King oscillator line crosses below its average line, it’s a bearish crossover. Rising KO above its moving average is bullish and above 50 is very bullish. Falling KO below its moving average is bearish and below 50 is very bearish. KO above 75 is an overbought zone and below 25 is an oversold zone. You can also read positive and negative divergences using the King oscillator.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.