The upper histogram displays the absolute difference between the Jaw and Teeth moving averages, while the lower histogram displays the negative absolute difference between the Teeth and Lips. Bars reflect expansion and contraction cycles based on changes relative to previous bars. Configurable settings adjust the source price, smoothing periods, and forward bar offsets for each moving average line. It provides visual oscillator bars without automated entry, exit, or risk management rules.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
hlc3
i_source
Jaw Period
int
13
i_jawPeriod
Jaw Offset
int
8
i_jawOffset
Teeth Period
int
8
i_teethPeriod
Teeth Offset
int
5
i_teethOffset
Lips Period
int
5
i_lipsPeriod
Lips Offset
int
3
i_lipsOffset
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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