Trend Indicator

Ternary Oscillator

Definition: Determines whether the current value is above, below, or within a range defined by the zero limit parameter (usually 0). The resulting values are +1, -1, or 0, respectively.

Syntax: ternary(zeroLimit)

Arguments: zeroLimit - bounds of values that will producer output of 0

Return: Time series of ternary values

Description: Output is +scale if input > zeroLimit -scale if input < -zeroLimit 0 if -zeroLimit <= input <= zeroLimit


ternaryValue = SPY.close -> rsi(30) -> ternary(10)

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