Oscillators are, by nature, exemple of any trend information. This indicator is "trended", meaning is it reacting to trend as well:

if the oscillator is in the UPPER part of the window, then trade only BUYs.

if the oscillator is in the LOWER part of the window, then trade only SELLs;

You can also choose to start trading when the trend begins (see alerts)

Parameter description:

• lookbackOsc : Period of the yellow line (the digital oscillator). (default = 14)
• DSFast :  Fast Period of the oscillator (default = 3)
• DSSlow : Slow Period of the oscillator (default = 5)
• BandFactor : Global factor of the periods of the oscillator (default = 0.5)

Trend Parameters :

• trendPeriod : Period of the main trend. (default = 111)
• trendNum : takes the average of the last "trendNum" bars of the MovingAverage. (default = 40)
• MAStrength : Strength of the Moving Average. Higher value means a more "squashed" curve. (default = 6)
• MAMode : Mode of the Moving Average. (default = MODE_SMA)

alerts Parameters :

• TrendBeginningalert : when the upper or lower gray line is departed from extremums (0 or 100), the trend is considered to have begun. You can be alerted for that.
• Extremumsalert : when the upper or lower gray line is touching the extremums (0 or 100) an alert can be sent.
• alertWaitEndOfBar : Wait for the end of bar to send alert
• extern bool Audioalert : MT4 alert
• extern bool Emailalert : Email alert
• extern bool Pushalert : Push (mobile) alert