█ OVERVIEW The Haos Visual Oscillators is a trend indicator that combines two William % indicators with different periods , to show Over Sold and Over Bought signals. I have added Divergences and a volume indicator to check if buying or selling pressure is exhausted or showing divergences this can help spot trend reversals
Divergences: • checks up to 20 pivot points to look for Divergences • Divergences require single candle confirmation • Divergences are only confirmed if oscillator pivot is of close proximity of a price pivot
Volume Indicator: • checks for volume divergences or exhaustion This is done by comparing relative change in price to the relative change in volume when oscillator is at over bought or over sold levels indicator Columns: • Yellow => divergence has been spotted • Dim Yellow => divergence was spotted on the previous candle • Blue => volume exhaustion was spotted • Dim Blue => volume exhaustion was spotted on the previous candle • Green => OverSold • Red => OverBought
- if you realized that I posted 2 versions of the indicator : • its because I named the first version wrongly on the publishing name and cant change it