What are the parameters for the 3/10 oscillator?
To construct this oscillator, first subtract a 10 period simple moving average from a 3 period simple moving average. We often refer to this as the “fast line.” Next, create a 16-period simple moving average of the “fast line” – we refer to this line as the “slow line.” It is also useful to plot a horizontal line at the zero value. We plot all three lines together on our charts beneath the price. For some indicators, such as the 3/10 oscillator, we provide subscribers with downloadable TradeStation code files.