MOMENTUM & OSCILLATORS
Pretty good oscillator
How far price has stretched from its average, measured in units of its own typical daily move.
spec id: pgolength (default 14)
What does Pretty good oscillator measure?
How far price has stretched from its average, measured in units of its own typical daily move. Around ±3 is a genuinely big stretch for any stock.
How is Pretty good oscillator calculated?
Take today's close minus its 14-candle average, then divide by a 14-candle smoothed true range.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Pretty good oscillator in a bot?
In the builder, add an indicator of type pgo (parameters: length, default 14). Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
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Or browse all 158 indicators in the full library.