Kwan or ZigZag BETA - oscillator

Kwan - oscillator based on calculations with indicators RSI, Stochastic and Momentum. In its essence, it traditionally indicates overbought and oversold levels set by the trader and also colors the indicator to show the upward and downward trend of the market.

The signal for ZigZag BETA indicator can serve as a line color change, as well as its exit from the set levels. It is also possible to combine both versions of these signals.

Commentary from ForTrader.org: Kwan indicator - a good variant of the oscillator, based on the strengths of the standard indicators. Its invaluable advantage is also the fact that the indicator does not redraw, which means that it does not change its trading signals.

Download Kwan indicator