Capiba Custom RSI with Divergences v2
🇬🇧 English
Summary
This indicator is an enhanced and customizable version of the classic RSI, designed to provide clearer and more powerful trading signals. It combines an alternative, more price-sensitive RSI calculation with an automatic divergence detection, which is one of the most effective tools for predicting trend reversals and finding high-probability entry and exit points.
Built upon the compilation of knowledge and open-source codes from the community, this script has been refined to be an all-in-one tool for traders who base their strategies on momentum and trend exhaustion.
Key Features and How to Use
Ultimate RSI and Signal Line (Momentum)
What it is: The main indicator (white line) is an RSI variation that reacts more dynamically to changes in price volatility. It is accompanied by a signal line (orange, by default), which is a moving average of the RSI itself, serving to smooth the indicator and generate crossover signals.
How to use for Entries/Exits:
Buy Signal (Short-Term): Crossover of the RSI line (white) above the signal line (orange).
Sell Signal (Short-Term): Crossover of the RSI line (white) below the signal line (orange). These are momentum signals, ideal for confirming a trend or for scalping.
Automatic Divergence Detection (Reversal Signals) This is the most powerful feature of the indicator. A divergence occurs when the price moves in one direction and the momentum indicator moves in the opposite direction, signaling a likely exhaustion of the current trend.
Bullish Divergence (Green Line):
What it is: The price makes a lower low, but the RSI makes a higher low.
Meaning: Selling pressure is decreasing. It is a strong signal of a potential market bottom and an excellent entry opportunity for a long position.
Bearish Divergence (Red Line):
What it is: The price makes a higher high, but the RSI makes a lower high.
Meaning: Buying pressure is losing strength. It is a strong signal of a potential market top and an excellent exit opportunity for a long position or an entry for a short position.
Customizable Overbought & Oversold Levels
The horizontal lines (default 80 and 20) and the colored areas show when the asset is overextended to the upside (overbought) or downside (oversold), helping to contextualize the divergence and crossover signals.
Recommended Strategy
For maximum effectiveness, combine the signals:
High-Probability Entry (Buy): Look for a Bullish Divergence (green line) forming in the oversold zone. Confirm the entry when the RSI line crosses above its signal line.
High-Probability Exit (Sell): Look for a Bearish Divergence (red line) forming in the overbought zone. Confirm the exit or new short entry when the RSI line crosses below its signal line.
Acknowledgements
This indicator was developed by compiling and customizing excellent open-source ideas and codes shared by the TradingView community. Special thanks to everyone who contributes to the advancement of technical analysis.
センタリングオシレーター
Capiba Ultimate Suite (RSI, MA Cloud & Volatility)
🇬🇧 English
Summary
This indicator, Capiba Ultimate Suite, is a powerful compilation of various open-source technical analysis tools, refined and integrated into a single, cohesive, and functional package. The goal is to provide a complete system with clear entry and exit signals, ideal for traders operating in trending and volatile markets.
The combination of a custom momentum oscillator (Ultimate RSI), a moving average cloud for trend definition, and a volatility oscillator for range analysis transforms this script into a true trading suite.
Disclaimer: This indicator is most effective in markets with a defined trend (bullish or bearish) and may generate less reliable signals during periods of strong consolidation.
Components and How to Use
Ultimate RSI with Crossover Signals (Entries and Exits)
What it is: A variation of the classic RSI, designed to be more reactive to price movements.
Entry Signals (Buy): A green arrow (▲) appears below the candle when the Ultimate RSI line crosses above its momentum line (EMA). This is a signal of a potential start of an upward move.
Exit Signals (Sell): A red arrow (▼) appears above the candle when the Ultimate RSI crosses below its momentum line. This is a signal of potential weakening or trend reversal.
Moving Average Cloud (Trend Filter)
What it is: A cloud formed by the space between a short-term moving average (default 55) and a long-term one (default 233).
How to use for signal validation:
Uptrend: When the cloud is green (Short MA > Long MA), buy signals (▲) are strengthened. Sell signals can be seen as partial profit-taking.
Downtrend: When the cloud is red (Short MA < Long MA), sell signals (▼) are strengthened. Buy signals should be treated with extreme caution as they are against the main trend.
Candle Coloring (Quick Momentum Reading)
Lime Green: Strong bullish momentum (RSI > 50 and above its EMA).
Red: Strong bearish momentum (RSI < 50 and below its EMA).
Blue: Overbought level reached.
Yellow: Oversold level reached.
Volatility Ruler (Breakout Analysis)
What it is: The green (high) and red (low) lines mark the range of the last 'N' candles. The Vol: X.XX label on the right measures the current volatility against its historical average.
How to use:
Vol < 1.00: Contracting volatility ("Squeeze"). The market is "coiling the spring." Watch for an impending breakout of the range lines.
Vol > 1.00: Expanding volatility. Confirms the strength of a breakout that has already occurred. Very high values may indicate exhaustion.
Use the ruler to identify false breakouts: a candle closing outside the line but with a very low Vol value is more likely to be a false signal.
Acknowledgements
This indicator is the result of compiling and adapting open-source concepts and codes available in the TradingView community. Thanks to all the developers who share their knowledge.
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RRG Relative Strength# RRG Relative Strength (RRG RS)
Compare any symbol to a benchmark using two RRG-style lines: **RS-Ratio** (trend of relative strength) and **RS-Momentum** (momentum of that trend). Both are centered at **100**:
- **RS-Ratio > 100** → outperforming the benchmark
- **RS-Ratio < 100** → underperforming
- **RS-Momentum** often **leads** RS-Ratio (crosses 100 earlier)
# How it works
1) Relative Strength (RS): RS = Close(symbol) / Close(benchmark)
2) Normalize around 100: smooth RS with EMA and divide RS by that EMA
3) RS-Ratio: EMA( RS / EMA(RS, Length), LenSmooth ) * 100
4) RS-Momentum: RS-Ratio / EMA(RS-Ratio, LenSmooth) * 100
# Inputs
- Length (default 14): normalization window for RS
- Length Smooth (default 20): smoothing window for RS-Ratio & RS-Momentum
# Benchmark (auto)
- US: SP:SPX (S&P 500)
- Vietnam: HOSE:VNINDEX
- Crypto: INDEX:BTCUSD
(Modify the mapping if needed, or replace with your own input.symbol().)
# How to read
- Improving: RS-Momentum crosses above 100 while RS-Ratio turns up
- Leading: RS-Ratio > 100 with RS-Momentum ≥ 100
- Weakening: RS-Momentum drops below 100; RS-Ratio often follows
# Timeframes & presets
- Works on Daily and Weekly charts
- Daily (fast): 14 / 20
- Approx. weekly behavior on Daily: 50 / 60
Note: Values usually hover near 100 (e.g., ~90–110) but are not strictly bounded. Ensure your symbol and benchmark trade in comparable sessions/currencies.
Average True Range %The ATR% oscillator measures market volatility as a percentage of the closing price, smooths it using a chosen method (RMA, SMA, EMA, or WMA), and compares it to the threshold levels of 0.95% and 1.20%.
QFisher-R™ [ParadoxAlgo]QFISHER-R™ (Regime-Aware Fisher Transform)
A research/education tool that helps visualize potential momentum exhaustion and probable inflection zones using a quantitative, non-repainting Fisher framework with regime filters and multi-timeframe (MTF) confirmation.
What it does
Converts normalized price movement into a stabilized Fisher domain to highlight potential turning points.
Uses adaptive smoothing, robust (MAD/quantile) thresholds, and optional MTF alignment to contextualize extremes.
Provides a Reversal Probability Score (0–100) to summarize signal confluence (extreme, slope, cross, divergence, regime, and MTF checks).
Key features
Non-repainting logic (bar-close confirmation; security() with no lookahead).
Dynamic exhaustion bands (data-driven thresholds vs fixed ±2).
Adaptive smoothing (efficiency-ratio based).
Optional divergence tags on structurally valid pivots.
MTF confirmation (same logic computed on a higher timeframe).
Compact visuals with subtle plotting to reduce chart clutter.
Inputs (high level)
Source (e.g., HLC3 / Close / HA).
Core lookback, fast/slow range blend, and ER length.
Band sensitivity (robust thresholding).
MTF timeframe(s) and agreement requirement.
Toggle divergence & intrabar previews (default off).
Signals & Alerts
Turn Candidate (Up/Down) when multiple conditions align.
Trade-Grade Turn when score ≥ threshold and MTF agrees.
Divergence Confirmed when structural criteria are met.
Alerts are generated on confirmed bar close by default. Optional “preview” mode is available for experimentation.
How to use
Start on your preferred timeframe; optionally enable an HTF (e.g., 4×) for confirmation.
Look for RPS clusters near the exhaustion bands, slope inflections, and (optionally) divergences.
Combine with your own risk management, liquidity, and trend context.
Paper test first and calibrate thresholds to your instrument and timeframe.
Notes & limitations
This is not a buy/sell signal generator and does not predict future returns.
Readings can remain extreme during strong trends; use HTF context and your own filters.
Parameters are intentionally conservative by default; adjust carefully.
Compliance / Disclaimer
Educational & research tool only. Not financial advice. No recommendation to buy/sell any security or derivative.
Past performance, backtests, or examples (if any) are not indicative of future results.
Trading involves risk; you are responsible for your own decisions and risk management.
Built upon the Fisher Transform concept (Ehlers); all modifications, smoothing, regime logic, scoring, and visualization are original work by Paradox Algo.
Intraday Spark Chart [AstrideUnicorn]The Intraday Spark Chart (ISC) is a minimalist yet powerful tool designed to track an asset’s performance relative to its daily opening price. Inspired by Nasdaq's trading-floor analog dashboards, it visualizes intraday percentage changes as a color-coded sparkline, helping traders quickly gauge momentum and session bias.
Ideal for: Day trading, scalping, and multi-asset monitoring.
Best paired with: 1m to 4H timeframes (auto-warns on higher TFs).
Key metrics:
Real-time % change from daily open.
Final daily % change (updated at session close).
Daily open price labels for orientation.
HOW TO USE
Visual Guide
Sparkline Plot:
A green area/line indicates price is above the daily open (bullish).
A red area/line signals price is below the daily open (bearish).
The baseline (0%) represents the daily open price.
Session Markers:
The dotted vertical lines separate trading days.
Gray labels near the baseline show the exact daily open price at the start of each session.
Dynamic Labels:
The labels in the upper left corner of each session range display the current (or final) daily % change. Color matches the trend (green/red) for instant readability.
Practical Use Cases
Opening Range Breakouts: Spot early momentum by observing how price reacts to the daily open.
Multi-Asset Screening: Compare intraday strength across symbols by choosing an asset in the indicator settings panel.
Session Close Prep: Anticipate daily settlement by tracking the final % change (useful for futures/swing traders).
SETTINGS
Asset (Input Symbol) : Defaults to the current chart symbol. Choose any asset to monitor its price action without switching charts - ideal for intermarket analysis or correlation tracking.
Zenith by JaeheeZenith (Invite-Only)
Overview
• This indicator is a trend-following, regime-aware signal tool designed to surface actionable long/short entries only when multiple, independent conditions align.
• It emphasizes trend initiation (not late trend chasing) and provides structured take-profit (TP1/TP2/TP3) cues when momentum weakens after entry.
• It is an indicator (not a strategy). It does not place trades, manage orders, or guarantee outcomes.
What makes it different
• Regime windowing: Signals are permitted only shortly after a regime flip and only if trend quality conditions persist (streak). This reduces signals that arrive too late in mature trends.
• Multi-filter consensus: Trend EMA slope/position, RSI state/slope, ADX/DI separation, volume expansion, and optional structure break (HH/LL) must agree before any entry is considered.
• Volatility & squeeze awareness: A TTM-style squeeze gate avoids chasing during compression unless a valid release is detected.
• Momentum-based TPs: After a valid entry, RSI divergence at confirmed pivots defines TP1→TP3 in the trend direction (price makes a new extreme while RSI momentum fails to confirm).
• Minimal repaint design: Signals and TPs are formed on confirmed pivots and bar close logic; HTF requests use lookahead_off. (See “Repainting & calculation notes.”)
How it works (signal engine)
• Trend filter:
• Baseline EMA and its slope define directional bias (price vs baseline, rising/falling baseline).
• RSI state & slope:
• RSI must be above/below its midpoint and (optionally) rising/falling to validate momentum alignment.
• Directional strength (ADX/DI):
• ADX must exceed a minimum; DI+ vs DI− alignment confirms directional pressure.
• Liquidity/participation:
• Volume must exceed its SMA×mult to avoid low-quality moves.
• Structure confirmation (optional):
• Break of recent highs/lows (windowed) helps filter range noise.
• Squeeze gate:
• During BB-inside-KC compression, entries are held back unless a valid release (KC breakout) or ATR expansion is present.
• Regime window:
• After Long/Short pass flips from 0→1, entries are allowed for a limited number of bars (window) and only after a streak (N consecutive bars meeting conditions).
• HTF alignment (optional):
• Higher-timeframe EMA trend must agree with the local setup (no lookahead).
Signals & labels
• Entry labels:
• Long Entry = “Long Entry” (below bar)
• Short Entry = “Short Entry” (above bar)
• Shapes:
• Diamonds mark entry points; optional “Macro-only” mode shows only regime-grade signals.
• Visual ribbon:
• A gradient band around the baseline provides context for volatility and bias; it does not alter signal logic.
Take-Profit framework (momentum weakening)
• After a Long Entry, the script tracks confirmed price pivot highs vs confirmed RSI pivot highs:
• TP trigger (Long): new price pivot high higher than prior, but RSI pivot high lower → bearish divergence (momentum weakening).
• Ordering: TP2 must print above TP1; TP3 must print above TP1/TP2.
• After a Short Entry, the script tracks confirmed price pivot lows vs confirmed RSI pivot lows:
• TP trigger (Short): new price pivot low lower than prior, but RSI pivot low higher → bullish divergence.
• Ordering: TP2 must print below TP1; TP3 must print below TP1/TP2.
• Why divergence?
• It captures fading momentum within an ongoing move, enabling staged partial exits without predicting tops/bottoms.
How traders typically use it
• Discretionary entries with rules:
• Confirm on bar close to avoid intrabar flips.
• Favor higher-timeframes for reliability; in practice, the 1-hour chart has been a balanced choice between responsiveness and noise.
• Risk & exits:
• Combine the indicator’s entries with independent risk management (fixed/ATR stops, volatility-scaled sizing).
• Use TP1→TP3 for partials; trail the remainder by structure/ATR or your preferred method.
Why it can add value (without hype)
• Noise rejection: By requiring simultaneous agreement across trend, momentum, participation, and compression, many low-quality whipsaws are filtered out.
• Timeliness: Limiting signal eligibility to a post-flip window seeks to capture the early phase of regime change instead of late escalations.
• Clarity: The gradient ribbon and explicit labels (“Long Entry”, “Short Entry”, “TP1–TP3”) make execution rules transparent and repeatable.
• Adaptability: Inputs (RSI length/midline, ADX/DI thresholds, squeeze, HTF alignment, structure, window/streak sizes) allow tuning for symbols/timeframes.
Best practices (recommended use)
① Confirm on bar close
• Signals can change intrabar; execute after the bar has closed.
② Validate across multiple timeframes
• Although the tool adapts to volatility, reliability improves on higher timeframes.
• In practice, the 1-hour chart has shown a stable balance between reactivity and noise.
③ Align with ribbon bias
• Trade in the same direction as the ribbon/baseline slope to reduce counter-trend exposure.
④ Combine with independent risk management
• Use stop-losses, position sizing, or ATR-based targets outside the script.
⑤ Use as confirmation, not prediction
• Treat entries as confirmation of regime change, not as a forecast of future price.
Inputs you may care about
• Trend/Structure: EMA length, slope lookback, structure window, cooldown bars.
• Momentum: RSI length/midline, rising/falling filter, ADX length/min, DI separation.
• Participation: Volume SMA length & multiplier.
• Compression: BB/KC lengths & multipliers; require-release toggle.
• Regime quality: Flip window, streak size, ATR expansion vs baseline, max extension (ATR×), optional ADX rising, optional HTF alignment.
• TP controls: Enable/disable per side, max TP count (1–3), label offset/color.
• Visuals: EMA and ribbon display, diamond sizes, optional vertical lines.
Repainting & calculation notes
• No future-bar references: The script does not use future data. HTF calls use barmerge.lookahead_off.
• Pivot confirmation: Entries and TPs use confirmed pivots (pivotRight bars later). Labels are placed at the pivot bar index once confirmed.
• Intrabar updates: Values can update before the bar closes; confirm on close for decisions.
• HTF security: Higher-timeframe values are requested without lookahead; still, HTF bars finalize only when the HTF bar closes.
Limitations & responsible use
• Not financial advice. No guarantees of profitability; markets involve risk.
• Not a strategy. It does not place, manage, or cancel orders; you must supply risk controls.
• Parameter sensitivity. Different symbols/timeframes may require tuning.
• Divergence scarcity. TP1–TP3 are divergence-based; in strong trends without momentum fade, fewer TP signals will occur.
Disclaimer
• This indicator is provided for educational and informational purposes only.
• It does not guarantee profits, predict future prices, or replace independent judgment.
• Trading involves risk, and all decisions remain solely the responsibility of the user.
• By using this tool, you acknowledge that it is intended as a study aid within TradingView, not as financial advice or an automated trading system.
RSI, CCI, ADX Panel (Custom TF for Each)RSI, CCI, ADX Panel (Custom TF for Each)
This indicator combines RSI, CCI, and ADX into a single panel, allowing traders to view three key momentum/trend signals together. Each indicator can be calculated on its own custom timeframe, making it useful for multi-timeframe analysis.
Features:
RSI (Relative Strength Index): Measures momentum, useful for identifying overbought/oversold conditions.
CCI (Commodity Channel Index): Detects cyclical movements and potential reversals.
ADX (Average Directional Index): Evaluates trend strength without regard to direction.
Independent timeframe selection for RSI, CCI, and ADX.
Distinct colors for each indicator (RSI = Blue, CCI = Orange, ADX = Purple).
Single consolidated panel for compact analysis.
This tool is designed to give a multi-perspective view of market strength, momentum, and trend in one place.
[L2] Enhanced MACD Support-Kisslooking for support line, before pumping, script can find where possible points for enter
MACD, RSI, OBV - R.A TraderRudá Alves Trader - Custom Indicator
This indicator was developed for the students of Rudá Alves trader. It combines the OBV, RSI, and MACD oscillators into a single tool.
Fibonacci Averages Oscillator M.Ataoglu============================================================================
FIBONACCI AVERAGES OSCILLATOR - TRADINGVIEW DESCRIPTION
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📊 Fibonacci Averages Oscillator - Advanced Trend Analysis Tool
This indicator provides comprehensive trend analysis by combining multiple Fibonacci sequence periods into a single oscillator. It calculates trend strength using the mathematical properties of Fibonacci numbers to create a powerful trend detection system.
🔬 HOW IT WORKS:
The indicator uses a sophisticated algorithm that:
• Calculates moving averages for each Fibonacci period individually
• Combines all periods using weighted averaging techniques
• Normalizes the result to a 0-1 scale for easy interpretation
• Applies smoothing algorithms to reduce market noise
• Provides real-time color gradient visualization
📈 KEY FEATURES:
• MAX_ORTALAMA_FIB Mode: Uses average of all 11 Fibonacci periods (recommended)
• Individual Period Selection: Choose specific Fibonacci numbers
• Adaptive Smoothing: Adjustable smoothing parameter (2-70)
• Color Gradient System: Red (bearish) to Green (bullish) progression
• Detailed Level Lines: Precise support/resistance identification
• Neon Cyan Highlights: Special emphasis on key levels
• Performance Optimized: Advanced caching system for smooth operation
🎯 USAGE GUIDE:
• Values above 0.5: Bullish trend strength
• Values below 0.5: Bearish trend strength
• Color changes: Real-time trend strength progression
• Level lines: Key support/resistance identification
• Neon cyan levels: Critical decision points
⚙️ TECHNICAL SPECIFICATIONS:
• Calculation Method: Fibonacci-weighted moving averages
• Timeframe Compatibility: All timeframes (M1 to Monthly)
• Market Compatibility: Forex, Stocks, Crypto, Commodities
• Performance: Optimized for real-time trading
🔧 PARAMETERS:
• Max Fibonacci Number: Select calculation period or use MAX_ORTALAMA_FIB
• Smoothing Level: Adjust trend line smoothness (2-70)
• Trend Color (Low): Customize bearish trend color
• Trend Color (High): Customize bullish trend color
• Trend Line Thickness: Adjust line visibility (1-10)
⚠️ RISK DISCLAIMER:
This indicator is for educational and analysis purposes only. It does not constitute investment advice. Always conduct your own research and consider multiple factors before making trading decisions. Past performance does not guarantee future results.
🔗 CREDITS:
• Fibonacci calculation library: tkarolak
• Developed by: M._Ataoglu
• Version: 1.0
• Pine Script Version: 6
5 Min Scalping Oscillator### Overview
The 5 Min Scalping Oscillator is a custom oscillator designed to provide traders with a unified momentum signal by fusing normalized versions of the Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI). This combination creates a more balanced view of market momentum, overbought/oversold conditions, and potential reversals, while incorporating adaptive smoothing, dynamic thresholds, and market condition filters to reduce noise and false signals. Unlike standalone oscillators, the 5 Min Scalping Oscillator adapts to trending or sideways regimes, volatility levels, and higher timeframe biases, making it particularly suited for short-term charts like 5-minute timeframes where quick, filtered signals are valuable.
### Purpose and Originality of the Fusion
Traditional oscillators like RSI measure momentum but can lag in volatile markets; Stochastic RSI adds sensitivity to RSI extremes but often generates excessive noise; and CCI identifies cyclical deviations but may overreact to minor price swings. The 5 Min Scalping Oscillator addresses these limitations by weighting and blending their normalized outputs (RSI at 45%, Stochastic RSI at 35%, and CCI at 20%) into a single raw oscillator value. This weighted fusion creates a hybrid signal that balances lag reduction with noise filtering, resulting in a more robust indicator for identifying reversal opportunities.
The originality lies in extending this fusion with:
- **Adaptive Smoothing via KAMA (Kaufman's Adaptive Moving Average):** Adjusts responsiveness based on market efficiency, speeding up in trends and slowing in ranges—unlike fixed EMAs, this helps preserve signal integrity without over-smoothing.
- **Dynamic Overbought/Oversold Thresholds:** Calculated using rolling percentiles over a user-defined lookback (default 200+ periods), these levels adapt to recent oscillator behavior rather than relying on static values like 70/30, making the indicator more responsive to asset-specific volatility.
- **Multi-Factor Filters:** Integrates ADX for trend detection, ATR percentiles for volatility confirmation, and optional higher timeframe RSI bias to ensure signals align with broader market context. This layered approach reduces false positives (e.g., ignoring low-volatility crossovers) and adds a confidence score based on filter alignment, which is not typically found in simple mashups.
This design justifies the combination: it's not a mere overlay of indicators but a purposeful integration that enhances usefulness by providing context-aware signals, helping traders avoid common pitfalls like trading against the trend or in low-volatility chop. The result is an original tool that performs better in diverse conditions, especially on 5-minute charts for intraday trading, where rapid adaptations are key.
### How It Works
The 5 Min Scalping Oscillator processes price data through these steps:
1. **Normalization and Fusion:**
- RSI (default length 10) is normalized to a -1 to +1 scale using a tanh transformation for bounded output.
- Stochastic RSI (default length 14) is derived from RSI highs/lows and scaled similarly.
- CCI (default length 14) is tanh-normalized to align with the others.
- These are weighted and summed into a raw value, emphasizing RSI for core momentum while using Stochastic RSI for edge sensitivity and CCI for cycle detection.
2. **Smoothing and Signal Line:**
- The raw value is smoothed (default KAMA with fast/slow periods 2/30 and efficiency length 10) to reduce whipsaws.
- A shorter signal line (half the smoothing length) is added for crossover detections.
3. **Filters and Enhancements:**
- **Trend Regime:** ADX (default length 14, threshold 20) classifies markets as trending (ADX > threshold) or sideways, allowing signals in both but prioritizing alignment.
- **Volatility Check:** ATR (default length 14) percentile (default 85%) ensures signals only trigger in above-average volatility, filtering out flat markets.
- **Higher Timeframe Bias:** Optional RSI (default length 14 on 60-minute timeframe) provides bull/neutral/bear bias (above 55, 45-55, below 45), requiring signal alignment (e.g., bullish signals only if bias is neutral or bull).
- **Dynamic Levels:** Percentiles (default OB 85%, OS 15%) over recent oscillator values set adaptive overbought/oversold lines.
4. **Signal Generation:**
- Bullish (B) signals on upward crossovers of the smoothed line over the signal line, filtered by conditions.
- Bearish (S) signals on downward crossunders.
- Each signal includes a confidence score (0-100) based on factors like trend alignment (25 points), volatility (15 points), and bias (20 points if strong, 10 if neutral).
The output includes a glowing oscillator line, histogram for divergence spotting, dynamic levels, shapes/labels for signals, and a dashboard table summarizing regime, ADX, bias, levels, and last signal.
### How to Use It
This indicator is easy to apply and interpret, even for beginners:
- **Adding to Chart:** Apply the 5 Min Scalping Oscillator to a clean chart (no other indicators unless explained). It's non-overlay, so it appears in a separate pane. For 5-minute timeframes, keep defaults or tweak lengths shorter for faster response (e.g., RSI 8-12).
- **Interpreting Signals:**
- Look for green upward triangles labeled "B" (bullish) at the bottom for potential entry opportunities in uptrends or reversals.
- Red downward triangles labeled "S" (bearish) at the top signal potential exits or shorts.
- Higher confidence scores (e.g., 70+) indicate stronger alignment—use these for priority trades.
- Watch the histogram for divergences (e.g., price higher highs but histogram lower highs suggest weakening momentum).
- Dynamic OB (green line) and OS (red line) help gauge extremes; signals near these are more reliable.
- **Dashboard:** At the bottom-right, it shows real-time info like "Trending" or "Sideways" regime, ADX value, HTF bias (Bull/Neutral/Bear), OB/OS levels, and last signal—use this for quick context.
- **Customization:** Adjust inputs via the settings panel:
- Toggle KAMA for adaptive vs. EMA smoothing.
- Set HTF to "60" for 1-hour bias on 5-min charts.
- Increase ADX threshold to 25 for stricter trend filtering.
- **Best Practices:** Combine with price action (e.g., support/resistance) or volume for confirmation. On 5-min charts, pair with a 1-hour HTF for intraday scalping. Always use stop-losses and risk no more than 1-2% per trade.
### Default Settings Explanation
Defaults are optimized for 5-minute charts on volatile assets like stocks or forex:
- RSI/Stoch/CCI lengths (10/14/14): Shorter for quick momentum capture.
- Signal smoothing (5): Responsive without excessive lag.
- ADX threshold (20): Balances trend detection.
- ATR percentile (0.85): Filters ~15% of low-vol signals.
- HTF RSI (14 on 60-min): Aligns with hourly trends.
- Percentiles (OB 85%, OS 15%): Adaptive to recent data.
If changing, test on historical data to ensure fit—e.g., longer lengths for less noisy assets.
### Disclaimer
The 5 Min Scalping Oscillator is an educational tool to visualize momentum and does not guarantee profits or predict future performance. All signals are based on historical calculations and should not be used as standalone trading advice. Past results are not indicative of future outcomes. Traders must conduct their own analysis, use proper risk management, and consider market conditions. No claims are made about accuracy, reliability, or performance.
Strong Indicator for ISM PMI EURUSD (mtbr)Overview:
This indicator is designed for EURUSD traders who want to analyse the market's reaction to the ISM Services PMI economic event. It automatically detects the event candle, calculates the “surprise” between Actual and Forecast, and generates a full trading plan with entry, take profit, and stop loss levels.
How it works:
Set the event time (or a custom date/time) and input Forecast, Previous, and Actual values.
The indicator calculates the surprise: Actual − Forecast.
Based on the surprise magnitude, it classifies the strength as Weak, Moderate, or Strong, and as Bullish or Bearish.
Direction is set automatically but can be inverted via the “Invert Signal Logic” option.
Entry, TP1, TP2, TP3, and SL are calculated based on your percentage settings.
Levels are plotted on the chart, with labels and a vertical dashed line marking the event candle.
A table displays key event data: name, forecast, actual, surprise, and strength classification.
How to use:
Select your trading asset (EURUSD by default).
Choose between automatic event time logic or a custom date/time.
Input the Forecast, Previous, and Actual values from the economic calendar.
Adjust percentage settings for entry, take profits, and stop loss.
Use the plotted lines as a reference for trade planning.
Optionally enable pullback confirmation before entry.
Disclaimer:
This tool is for educational and analytical purposes only. It is not financial advice. Always use proper risk management and perform independent analysis before trading.
WA-%Chg with BackgroundDescription
The WA-%Chg with Background indicator measures the percentage change in a selected price source over a user-defined period. It allows traders to visually and quickly assess bullish and bearish momentum through dynamic color coding and background shading.
Percentage Change Calculation – Uses ta.roc to determine the rate of change over the chosen length.
Customizable Alerts – Set upper (HiAlert) and lower (LoAlert) thresholds to get notified when momentum crosses bullish or bearish trigger levels.
Dynamic Line Coloring – Blue when above the bullish threshold, red when below the bearish threshold, and gray when in neutral territory.
Background Highlighting – Light blue shading for bullish zones, light red shading for bearish zones.
User Customization – Modify calculation length, colors, and alert thresholds to suit your trading style.
This tool is useful for identifying breakout conditions, momentum shifts, and potential reversals at a glance. Traders can combine it with other indicators for confirmation.
Disclaimer
This indicator is provided for educational purposes only and should not be considered financial advice. Past performance of any indicator or strategy is not indicative of future results. Trading in financial markets involves significant risk, including the risk of losing capital. Always perform your own analysis and consult with a qualified financial advisor before making any investment decisions. The author assumes no liability for any losses incurred from the use of this tool.
U Table • LITEA compact, educational version of my workflow that combines trend, momentum, trend strength, and a clean trigger:
Trend: EMA Fast vs EMA Slow (auto-lengths by chart TF)
Momentum: RSI > 50 for longs / < 50 for shorts
Strength: ADX above a user-set threshold (fallback implementation; can be replaced by ta.adx() when available)
Trigger: price crosses the Bollinger basis (center line)
Signals
LONG: crossover(close, BB basis) while EMA Fast > EMA Slow, RSI > 50, ADX > threshold
SHORT: crossunder(close, BB basis) while EMA Fast < EMA Slow, RSI < 50, ADX > threshold
Visuals
EMA Fast / EMA Slow / BB basis
Markers “L” / “S” on triggers
Latest confirmed pivot high/low (broken line style)
Small diagnostics table (ADX, EMA relation, RSI, last pivots) on the last bar
Inputs
Pivot length: pivot confirmation window (default 5)
ADX threshold: minimum trend strength to allow signals (default 20)
Notes
Signals are intended to be evaluated on bar close. Intrabar values may change until the bar closes.
Pivot lines appear after confirmation; they do not repaint once confirmed.
No external data or security() calls are used.
This LITE build focuses on clarity and speed (few calculations, overlay-friendly). It can be used as a stand-alone study or as a scaffold for your own research and risk management.
Triple EMA with Alert | 21, 50, 200 EMA Strategy + Crossover🚀 Boost your trading edge with the Triple EMA with Alert — a professional-grade indicator designed for traders who want precise, real-time trend confirmation across short, medium, and long-term market movements.
🔹 What Makes This Indicator Powerful?
Three Adjustable EMAs — Default: 21, 50, 200 periods (fully customizable 1–200).
Toggle Visibility — Show only the EMAs you need for your strategy.
Real-Time Alerts — Get notified instantly when:
EMA 1 crosses EMA 2 → short-term trend change.
EMA 2 crosses EMA 3 → medium-term trend alignment.
Works on All Markets & Timeframes — Forex, crypto, stocks, indices, and commodities.
🔹 Why Traders Love It
📊 Multi-Timeframe Trend Confirmation — Filter out noise and trade with market momentum.
🎯 Accurate Crossover Signals — Identify bullish and bearish momentum shifts.
🔔 Hands-Free Monitoring — Alerts keep you informed even when you’re away from the chart.
💡 Versatile for Any Strategy — Perfect for scalping, swing trading, or long-term investing.
🔹 How to Use It
Bullish Signal — EMA 1 crossing above EMA 2 or EMA 2 crossing above EMA 3.
Bearish Signal — EMA 1 crossing below EMA 2 or EMA 2 crossing below EMA 3.
Combine with support/resistance zones, RSI, or volume for higher probability trades.
📌 Pro Tip:
Use EMA 21 & EMA 50 for momentum confirmation.
Use EMA 200 to spot the overall market direction.
If you’re serious about trend trading with precision, the Triple EMA with Alert will keep you one step ahead of market moves — no more missed entries or exits.
Momentum Phases📌 Overview
The Momentum Phases indicator helps traders quickly identify periods of strong bullish or bearish momentum based on the relationship between a short‑term and a long‑term Moving Average (SMA).
It helps traders visually distinguish between Positive 🟢 , Negative 🔴 , and Neutral ⚪ phases by plotting a dynamically colored state line and generating optional alerts when a phase change occurs.
🧠 How It Works
⦿ SMA Calculation
The indicator calculates two SMAs:
Short SMA (default: 7 periods)
Long SMA (default: 65 periods)
Both SMA lengths can be adjusted by the user.
// SMA calculations
smaShort = ta.sma(close, shortLen)
smaLong = ta.sma(close, longLen)
⦿ Momentum Ratio
A ratio is calculated:
ratio = smaShort / smaLong
This ratio measures how far the short‑term trend has diverged from the long‑term trend.
⦿ Threshold Levels
Positive Threshold (default: 1.05) — indicates short SMA is at least 5% above the long SMA.
Negative Threshold (default: 0.95) — indicates short SMA is at least 5% below the long SMA.
These thresholds are user‑adjustable.
⦿ Momentum States
Positive Momentum: Ratio ≥ Positive Threshold (default: 1.05) → Short SMA is at least 5% above Long SMA.
Negative Momentum: Ratio ≤ Negative Threshold (default: 0.95) → Short SMA is at least 5% below Long SMA.
Neutral: Ratio between the two thresholds.
⦿ State Line Plot
The indicator plots a flat state line at 1.0 when in positive or negative momentum, and 0.0 when in neutral.
The state line’s color changes dynamically:
Green 🟢 Positive Momentum: Ratio ≥ Positive Threshold (default: 1.05) – Short SMA is at least 5% above Long SMA.
Red 🔴 Negative Momentum: Ratio ≤ Negative Threshold (default: 0.95) – Short SMA is at least 5% below Long SMA.
Gray ⚪ Neutral: Ratio between the two thresholds.
📈 How to Use
Trend Confirmation: Use the state line color to quickly confirm the prevailing momentum.
Green 🟢: Consider focusing on long setups
Red 🔴: Consider focusing on short setups
Gray ⚪: Consider staying neutral or waiting for stronger signals
Trade Filtering: Filter trades in your existing strategy so they only align with the detected momentum phase.
Early Warnings: Enable phase change alerts to get notified when market conditions shift.
⚙️ Customization
SMA Periods: Adjust short and long SMA lengths to suit your trading timeframe.
Thresholds: Tighten (closer to 1.00) for more frequent signals, or widen for fewer but stronger signals.
🔔 Alerts
🟢 Positive Momentum START – Stock/Security shifts into positive momentum.
⚪ Positive Momentum END – Positive momentum ends (neutral state).
🔴 Negative Momentum START – Market shifts into negative momentum.
⚪ Negative Momentum END – Negative momentum ends (neutral state).
Momentum Phase Change – Any shift between Positive, Negative, or Neutral.
🎯 Add this indicator to your chart to track momentum phases like a pro — know exactly when trends start, end, or stall.
Major Lows OscillatorDescription
The Major Lows Oscillator is a custom technical indicator designed to identify significant low-price areas by normalizing the current closing price relative to recent lowest lows and highest highs. The oscillator calculates a normalized price percentage over a configurable lookback period, applies exponential moving averages for smoothing, and inverts the result to highlight potential market bottoms.
Calculation Details
Lowest Low Lookback : Finds the lowest low over a user-defined period (default 100 bars).
Highest High Lookback : Calculates the highest high over a short period (default 1 bar), providing a dynamic normalization range.
Normalization : Normalizes the current close within the range defined by the lowest low and highest high, scaled to 0-100.
Smoothing : Applies a 10-period EMA, inversion, and weighted smoothing combining the last valid value and current oscillator reading.
Final Output : Applies a final EMA (period 1) and inverts the oscillator (100 - value) to emphasize major lows.
Features
Customizable midline level for signal alerts (default 50).
Visual midline reference line.
Alerts trigger on oscillator crossing below midline for automated monitoring.
Usage
Useful for complementing existing setups or integration in algorithmic trading strategies.
Changing the input parameters opens new ways to leverage the asymmetric range concept, allowing adaptation to different market regimes and enhancing the oscillator’s sensitivity and utility.
Examples of input combinations and their potential purposes include:
Extremely Asymmetric Setting: Lowest Low Lookback = 200, Highest High Lookback = 1
Focuses on deep long-term lows contrasted with immediate highs, ideal for spotting strong oversold levels within an otherwise bullish short-term momentum.
Symmetric Lookbacks: Lowest Low Lookback = Highest High Lookback = 50
Balances the range equally, creating a normalized oscillator that treats recent lows and highs with the same weight — useful for markets with balanced volatility.
Short but Equal Lookbacks: Lowest Low Lookback = Highest High Lookback = 10
Highly sensitive to recent price swings, this setting can detect rapid shifts and is suited for intraday or very short-term trading.
Inverted Extreme: Lowest Low Lookback = 1, Highest High Lookback = 100
Highlights very recent lows against a long-term high range, possibly signaling quick dips in a generally overextended market.
Inputs
Midline Level : Threshold for alerts (default 50).
Lowest Low Lookback Period : Bars evaluated for lowest low (default 100).
Highest High Lookback Period : Bars evaluated for highest high (default 1).
Alerts
Configured to trigger once per bar close when the oscillator crosses below the midline level.
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Disclaimer
This indicator is for educational and analytical use only.
SMT Oscillator: Smarter Money Divergence Detector [PhenLabs]📊Phenlabs - SMT Oscillator: Smarter Money Divergence Detector
Version: PineScript™v6
📌Description
The SMT Oscillator is a sophisticated tool designed to identify smart money divergence between two correlated assets. By analyzing the momentum and volume-weighted price action of a primary and secondary symbol, traders can spot subtle shifts in market dynamics that often precede significant price movements. This indicator is built to provide a clearer, more filtered view of inter-market relationships, solving the common problem of false signals and market noise. Its primary purpose is to equip traders with a quantifiable edge in detecting potential reversals or continuations that are not obvious on a standard price chart.
🚀Points of Innovation
Dual-Symbol Divergence Core: Directly compares momentum (RSI or MACD) between two user-selected symbols to pinpoint true SMT divergence.
Volume-Weighted Analysis: Integrates volume delta into the divergence calculation, giving more weight to moves backed by significant market participation.
Entropy Filter for Noise Reduction: Employs an entropy calculation to filter out low-quality signals during choppy or consolidating market conditions.
Predictive Forecast Line: Utilizes a linear regression model to project the oscillator’s future trajectory, offering a forward-looking glimpse of potential momentum shifts.
Customizable Signal Sensitivity: Allows fine-tuning of overbought and oversold levels to adapt to different market volatilities and trading styles.
Integrated Signal Alerts: Provides built-in alerts for bullish/bearish zero crosses and overbought/oversold conditions.
🔧Core Components
Momentum Engine: The user can select either RSI or MACD as the underlying engine for the divergence calculation, allowing for flexibility in analysis.
Normalization Function: Price data from both symbols is normalized using percentage change to ensure a true “apples-to-apples” comparison, regardless of their nominal price differences.
Divergence Calculator: The core algorithm that subtracts the secondary symbol’s momentum from the primary’s and normalizes the result using the combined standard deviation.
Smoothing Mechanism: An Exponential Moving Average (EMA) is applied to the raw oscillator output to reduce choppiness and provide a clearer signal line.
🔥Key Features
Multi-Asset Comparison: Go beyond single-asset analysis by comparing correlated pairs like ES/NQ or BTC/ETH to uncover hidden trading opportunities.
Heatmap Visualization: An optional heatmap mode provides an intuitive visual representation of divergence strength, making it easier to gauge market sentiment at a glance.
Configurable Lookback and Timeframe: Adjust the lookback period and analysis timeframe to suit your specific strategy, from short-term scalping to long-term trend analysis.
Signal Markers: Visual markers are plotted directly on the chart for bullish and bearish zero-line crossovers, providing clear entry and exit signals.
🎨Visualization
SMT Oscillator Line: The primary visual element, colored blue for bullish (positive) divergence and orange for bearish (negative) divergence.
Zero Line: A solid horizontal line at the zero level, indicating the equilibrium point between the two assets. Crossovers of this line signal a shift in relative strength.
Overbought/Oversold Zones: Dotted lines at the +80 and -80 levels (customizable) that highlight extreme divergence readings, often indicating potential exhaustion points.
Forecast Line: A predictive line that plots the anticipated path of the oscillator, giving traders an advanced warning of potential changes in momentum.
📖Usage Guidelines
Setting Categories
Primary Symbol
Default: (Chart Symbol)
Description: The main asset you are analyzing. Leave blank to use the symbol currently on your chart.
Secondary Symbol
Default: CME_MINI:ES1! (used with NASDAQ futures due to inherent heavy correlation
Description: The asset to compare against the primary symbol.
Lookback Period
Default: 14
Range: 8-100
Description: Controls the calculation window for momentum (RSI/MACD). Higher values result in a smoother, less sensitive oscillator.
Divergence Type
Default: RSI
Options: RSI, MACD
Description: Choose the momentum indicator to use for the divergence calculation.
Enable Volume Weighting
Default: true
Description: When enabled, gives more weight to divergence signals that are accompanied by significant volume.
✅Best Use Cases
Identifying high-probability reversal points by spotting divergence in overbought or oversold territory.
Confirming the strength of a trend by observing sustained positive or negative divergence.
Pairs trading by taking a long position on the outperforming asset and a short position on the underperforming one during a divergence.
Risk management by recognizing when a current trend is losing its underlying momentum.
⚠️Limitations
Requires Correlated Assets: The indicator’s effectiveness is highly dependent on the selection of two assets with a known correlation (e.g., ES and NQ).
Not a Standalone System: Divergence signals should be used in conjunction with other forms of analysis (price action, market structure) and not as a complete trading system.
Lagging by Nature: As it is based on moving averages and past price data, the oscillator is inherently lagging and may not capture all rapid price changes.
💡What Makes This Unique
Combined Momentum & Volume: Unlike standard oscillators, it fuses momentum with volume delta for a more robust “Smart Money” perspective.
Noise-Filtering Mechanism: The proprietary entropy filter is a unique feature designed to weed out insignificant market chatter and focus on high-conviction signals.
🔬How It Works
Data Normalization:
The script first normalizes the price data of the two selected symbols into percentage changes. This ensures that the comparison is fair, regardless of the difference in their price scales.
Momentum Calculation:
It then calculates the chosen momentum value (either RSI or MACD histogram) for each of the normalized price series.
Divergence Computation:
The core of the indicator lies in subtracting the momentum of the secondary symbol from the primary one. This raw divergence is then optionally weighted by volume and filtered for market noise (entropy) to produce the final oscillator value.
💡Note:
For best results, use this indicator on adequate timeframes to filter out market noise. Always confirm signals with price action analysis before entering a trade.
Momentum_EMABand📢 Reposting Notice
I am reposting this script because my earlier submission was hidden due to description requirements under TradingView’s House Rules. This updated version fully explains the originality, the reason for combining these indicators, and how they work together. Follow me for future updates and refinements.
🆕 Momentum EMA Band, Rule-Based System
Momentum EMA Band is not just a mashup — it is a purpose-built trading tool for intraday traders and scalpers that integrates three complementary technical concepts into a single rules-based breakout & retest framework.
Originality comes from the specific sequence and interaction of these three filters:
Supertrend → Sets directional bias.
EMA Band breakout with retest logic → Times precise entries.
ADX filter → Confirms momentum strength and avoids noise.
This system is designed to filter out weak setups and false breakouts that standalone indicators often fail to avoid.
🔧 How the Indicator Works — Combined Logic
1️⃣ EMA Price Band — Dynamic Zone Visualization
Plots upper & lower EMA bands (default: 9-period EMA).
Green Band → Price above upper EMA = bullish momentum
Red Band → Price below lower EMA = bearish pressure
Yellow Band → Price within band = neutral zone
Acts as a consolidation zone and breakout trigger level.
2️⃣ Supertrend Overlay — Reliable Trend Confirmation
ATR-based Supertrend adapts to volatility:
Green Line = Uptrend bias
Red Line = Downtrend bias
Ensures trades align with the prevailing trend.
3️⃣ ADX-Based No-Trade Zone — Choppy Market Filter
Manual ADX calculation (default: length 14).
If ADX < threshold (default: 20) and price is inside EMA Band → gray background marks low-momentum zones.
🧩 Why This Mashup Works
Supertrend confirms trend direction.
EMA Band breakout & retest validates the breakout’s strength.
ADX ensures the market has enough trend momentum.
When all align, entries are higher probability and whipsaws are reduced.
📈 Example Trade Walkthrough
Scenario: 5-minute chart, ADX threshold = 20.
Supertrend turns green → trend bias is bullish.
Price consolidates inside the yellow EMA Band.
ADX rises above 20 → trend momentum confirmed.
Price closes above the green EMA Band after retesting the band as support.
Entry triggered on candle close, stop below band, target based on risk-reward.
Exit when Supertrend flips red or ADX momentum drops.
This sequence prevents premature entries, keeps trades aligned with trend, and avoids ranging markets.
🎯 Key Features
✅ Multi-layered confirmation for precision trading
✅ Built-in no-trade zone filter
✅ Fully customizable parameters
✅ Clean visuals for quick decision-making
⚠ Disclaimer: This is Version 1. Educational purposes only. Always use with risk management.
THE TRINTY - Multi-Timeframe MACD Alignment (Single Alert)Analyzes up to 3 timeframes at the same time waiting for MACD alignment plus determines when it's very bullish, very bearish, or just mixed. Ideal for traders who only want to trade in high probability markets to increase your chances at success. Also, there's only 1 single alert system that you can set for each pair making things much easier instead of setting separate bullish and bearish alerts like most other indicators.
Relative Strength Range RankRelative Strength Range Rank – Chart Asset vs. Benchmarks
Description:
This indicator calculates and ranks the relative strength position of the current chart’s asset against up to five user-defined comparison symbols. By default, the comparison set is USDT.D, USDC.D and DAI.D.
Calculation method:
The same oscillator calculation is applied identically to the current chart’s asset and all comparison symbols:
For each symbol:
Determine the lowest low over LOWEST bars.
Determine the highest high over HIGHEST bars.
Calculate normalized position within range:
raw_osc = (close - lowest_low) / (highest_high - lowest_low) * 100
Apply a 10-period EMA to smooth raw_osc.
Invert and scale to match assets direction:
raw_osc = 100 - EMA_10(raw_osc)
Apply weighted smoothing:
smoothed = 0.191 * previous_value + 0.809 * current_value
Apply a final 1-period EMA to reduce jitter.
Output is the inverted smoothed oscillator value, representing the relative strength rank.
This function is implemented as calculate_oscillator() and used for all input symbols plus the current chart symbol, ensuring consistency in comparative analysis.
Plotting:
Each comparison symbol oscillator is plotted in the indicator pane.
The current chart oscillator is always plotted in black.
Alert condition:
Boolean chart_osc_above_all is true when the current chart oscillator is strictly greater than all other comparison oscillator values.
The alert chart_osc_crossed_above triggers only on the first bar where chart_osc_above_all changes from false to true.
Smoothing advantage:
The smoothing sequence (EMA → weighted smoothing → EMA) is designed to reduce short-term noise while preserving responsiveness to changes in price position.
The initial EMA(10) filters random fluctuations.
The weighted smoothing step (0.191 * prev + 0.809 * current) reduces overshoot and dampens oscillations without introducing significant lag, unlike longer EMAs.
The final EMA(1) step ensures stability in the plotted oscillator without visible jaggedness.
This combination yields a signal that is both smooth and reactive, making relative strength comparisons more precise.
Inputs:
Sym 1–5: up to five comparison tickers.
Lowest low lookback period ( LOWEST ).
Highest high lookback period ( HIGHEST ).
Color for plotted comparison lines.
Output:
Oscillator values from 0 to 100, where higher values indicate that the asset’s current price is closer to the highest high of the lookback period, and lower values indicate proximity to the lowest low.
Sorted table showing all selected assets ranked by oscillator value.
Optional alert when the current chart asset leads all selected assets in oscillator value.
Short Description:
Computes range-normalized oscillator values for the chart asset and up to 5 symbols, using EMA and weighted smoothing to reduce noise while preserving responsiveness; optional alert when the chart asset exceeds all others.
WaveRider Momentum OscillatorWaveRider Momentum Oscillator
The WaveRider Momentum Oscillator applies principles inspired by fluid dynamics to model price momentum as a flowing system, rather than relying on traditional static calculations. By interpreting market movement through the lens of velocity, viscosity, and turbulence—core concepts in fluid mechanics—this indicator offers a more adaptive and nuanced view of momentum that adjusts dynamically to changing market conditions.
Conceptual Foundation
Velocity: Just as fluid velocity measures the speed of flow at a point, WaveRider calculates momentum velocity by measuring the rate of price change over a specified period, smoothed to reduce noise.
Viscosity: In fluid dynamics, viscosity represents internal friction that resists flow. Here, viscosity is modeled based on volatility, modulating momentum signals to account for the “thickness” or noise level of the market. High volatility increases viscosity’s damping effect, reducing false signals during turbulent price action.
Turbulence: Turbulence characterizes sudden, chaotic changes in fluid flow. WaveRider detects rapid acceleration bursts in momentum analogous to turbulence, highlighting moments when momentum is shifting sharply and potentially signaling strong upcoming price moves.
Technical Features and Interpretation
Adaptive Momentum Calculation: Momentum is scaled by volatility-adjusted viscosity, making the oscillator less prone to whipsaws and more responsive during stable trends.
Turbulence Burst Detection: The oscillator incorporates a turbulence factor, identifying abrupt momentum accelerations that traditional oscillators often miss. This feature provides early warning signals of potential breakout or reversal points.
HSV Gradient Color Mapping: The oscillator visualizes acceleration using a continuous hue gradient—ranging from red (deceleration) through yellow (neutral) to green (acceleration). This continuous color transition provides intuitive, real-time insight into momentum dynamics beyond mere numeric values.
Pivot Point Identification: WaveRider automatically marks momentum pivots, signaling local maxima and minima in momentum flow. These points serve as critical confirmation markers for potential entry and exit decisions.
How to Interpret WaveRider
Colors:
Green hues indicate positive acceleration — momentum is increasing, favoring bullish positions.
Yellow hues represent neutral momentum — the market is consolidating or pausing.
Red hues signal negative acceleration — momentum is weakening, suggesting caution or bearish bias.
Oscillator Direction:
An upward sloping oscillator line reflects strengthening momentum.
A downward slope indicates weakening momentum or a potential reversal.
Pivot Labels:
▲ (Pivot Low): Denotes local momentum troughs; potential points to consider initiating long positions.
▼ (Pivot High): Marks local momentum peaks; useful for identifying possible short entries or profit-taking zones.
Summary
By grounding momentum analysis in fluid dynamics, WaveRider transcends the limitations of traditional oscillators. It accounts for the market’s inherent volatility and captures real-time acceleration changes, enabling traders to detect meaningful momentum shifts with greater accuracy and clarity.
WaveRider is designed for traders seeking a scientifically informed tool that adapts fluidly with market conditions—offering deeper insight into momentum flow and better timing for entries and exits.
