Snake Oscillator 1.1
This Oscillator helps to identify the ending of waves, good to get entries and exits. Now, with a tolerance line.
study("Snake Oscillator","SNK_OSC")
len = input(25,"Length")
h = ema(high,len)
l = ema(low,len)
hp = h/h[len]
lp = l/l[len]
avg = avg(hp,lp)
havg = ema(highest(avg,len),len)
lavg = ema(lowest(avg,len),len)
avg2 = avg(havg,lavg)
dif = havg - avg2
pa = plot(avg,color=gray)
ph = plot(havg,color=gray)
pl = plot(lavg,color=gray)
plot(havg+dif,color=black)
plot(lavg-dif,color=black)
fill(ph,pa,color=red,transp=60)
fill(pl,pa,color=green,transp=60)