OPEN-SOURCE SCRIPT
Aktualisiert Momentum Variance Oscillator

What MVO measures:
-PV (Price-Volume) Oscillator – how far price is from a volatility-scaled basis, then weighted by relative volume.
- > 0 = bullish pressure; < 0 = bearish pressure.
-|PV| larger ⇒ stronger momentum.
-Signal line (EMA of PV) – a smoother track of PV; crossings flag momentum shifts.
-Zero line gradient – instantly shows direction (greenish bull / reddish bear) and strength (paler → stronger).
-Extreme bands (±obLevel) – “hot zone” thresholds; being beyond them = exceptional push.
-Variance histogram – MACD-like view (PV minus slower PV-EMA) to see thrust building vs. fading.
-(Optional) Bar coloring & background tint – paints price bars and/or the panel on key events so you can read the regime at a glance.
-Auto-Tune – searches a grid of (obLevel, weakLvl) pairs and (optionally) auto-applies the best, ranked by CAGR vs. drawdown.
Core signals & how to trade them:
1) Define the regime:
-Bullish regime: PV above 0 and/or PV above Signal; zero line is in bull gradient.
-Bearish regime: PV below 0 and/or PV below Signal; zero line is in bear gradient.
-Action: Prefer trades with the regime (avoid fading strong color/strength unless you have a clear reversal setup).
2) Entries:
Momentum entry:
-Long: PV crosses above Signal while PV > 0.
-Short: PV crosses below Signal while PV < 0.
Breakout/acceleration:
-Long add-on: PV crosses above +obLevel (extreme top) and holds.
-Short add-on: PV crosses below −obLevel (extreme bottom) and holds.
-Histogram confirm: Growing bars in your direction = thrust improving; shrinking/flip = thrust stalling.
3) Exits / risk:
-Soft exit / tighten stops: PV loses the extreme and re-enters inside, or histogram fades/turns against you.
-Hard exit / reverse: Opposite PV↔Signal crossover and PV crosses the zero line.
-Weak zone filter: If |PV| < weakLvl, treat signals as lower quality (smaller size or skip).
4) Practical setup - Suggested defaults (good starting point):
-Signal length: 26
-Volume power: 0.50
-obLevel (extreme): 2.00
-weakLvl: 0.75
-Show histogram & dots: On
-Auto-Tune (recommended)
-Turn Auto-Select Best ON. MVO will scan obLevel 1.50→3.00 (step 0.05) and weakLvl 0.50→1.00 (step 0.05), then use the top-ranked pair (CAGR/(1+MDD)).
-If you want to see the top combos, enable the Optimizer Table (Top-3).
5) Visual options
-Bar Colors: Regime+Strength – bars follow the zero-line gradient (great for quick read).
-Extremes – paint only when beyond ±obLevel.
-Cross Signals – paint only on the bar that crosses an extreme.
-Background on breach: A one-bar tint when PV crosses an extreme.
6) Example playbook:
Long setup:
-Zero line shows bull gradient and PV > 0.
-PV crosses above Signal (entry).
-If PV drives above +obLevel, consider add-on; trail under the last minor swing or use ATR.
-Exit/trim on PV crossing below Signal or histogram turning negative; flatten on a drop through 0.
Short setup mirrors the above on the bear side.
7) Tips to avoid common traps:
-Don’t fade strong extremes without clear confirmation (e.g., PV re-entering inside + histogram flip).
-Respect the weak zone: if |PV| < weakLvl, signals are fragile—size down or wait.
-Align with structure: higher-timeframe trend and SR improve expectancy.
-Instrument personality matters: use Auto-Tune or re-calibrate obLevel/weakLvl across assets/timeframes.
8) Alerts you can set:
-Bull Signal X – PV crossed above Signal
-Bear Signal X – PV crossed below Signal
-Bull Baseline X – PV crossed above 0
-Bear Baseline X – PV crossed below 0
-PV (Price-Volume) Oscillator – how far price is from a volatility-scaled basis, then weighted by relative volume.
- > 0 = bullish pressure; < 0 = bearish pressure.
-|PV| larger ⇒ stronger momentum.
-Signal line (EMA of PV) – a smoother track of PV; crossings flag momentum shifts.
-Zero line gradient – instantly shows direction (greenish bull / reddish bear) and strength (paler → stronger).
-Extreme bands (±obLevel) – “hot zone” thresholds; being beyond them = exceptional push.
-Variance histogram – MACD-like view (PV minus slower PV-EMA) to see thrust building vs. fading.
-(Optional) Bar coloring & background tint – paints price bars and/or the panel on key events so you can read the regime at a glance.
-Auto-Tune – searches a grid of (obLevel, weakLvl) pairs and (optionally) auto-applies the best, ranked by CAGR vs. drawdown.
Core signals & how to trade them:
1) Define the regime:
-Bullish regime: PV above 0 and/or PV above Signal; zero line is in bull gradient.
-Bearish regime: PV below 0 and/or PV below Signal; zero line is in bear gradient.
-Action: Prefer trades with the regime (avoid fading strong color/strength unless you have a clear reversal setup).
2) Entries:
Momentum entry:
-Long: PV crosses above Signal while PV > 0.
-Short: PV crosses below Signal while PV < 0.
Breakout/acceleration:
-Long add-on: PV crosses above +obLevel (extreme top) and holds.
-Short add-on: PV crosses below −obLevel (extreme bottom) and holds.
-Histogram confirm: Growing bars in your direction = thrust improving; shrinking/flip = thrust stalling.
3) Exits / risk:
-Soft exit / tighten stops: PV loses the extreme and re-enters inside, or histogram fades/turns against you.
-Hard exit / reverse: Opposite PV↔Signal crossover and PV crosses the zero line.
-Weak zone filter: If |PV| < weakLvl, treat signals as lower quality (smaller size or skip).
4) Practical setup - Suggested defaults (good starting point):
-Signal length: 26
-Volume power: 0.50
-obLevel (extreme): 2.00
-weakLvl: 0.75
-Show histogram & dots: On
-Auto-Tune (recommended)
-Turn Auto-Select Best ON. MVO will scan obLevel 1.50→3.00 (step 0.05) and weakLvl 0.50→1.00 (step 0.05), then use the top-ranked pair (CAGR/(1+MDD)).
-If you want to see the top combos, enable the Optimizer Table (Top-3).
5) Visual options
-Bar Colors: Regime+Strength – bars follow the zero-line gradient (great for quick read).
-Extremes – paint only when beyond ±obLevel.
-Cross Signals – paint only on the bar that crosses an extreme.
-Background on breach: A one-bar tint when PV crosses an extreme.
6) Example playbook:
Long setup:
-Zero line shows bull gradient and PV > 0.
-PV crosses above Signal (entry).
-If PV drives above +obLevel, consider add-on; trail under the last minor swing or use ATR.
-Exit/trim on PV crossing below Signal or histogram turning negative; flatten on a drop through 0.
Short setup mirrors the above on the bear side.
7) Tips to avoid common traps:
-Don’t fade strong extremes without clear confirmation (e.g., PV re-entering inside + histogram flip).
-Respect the weak zone: if |PV| < weakLvl, signals are fragile—size down or wait.
-Align with structure: higher-timeframe trend and SR improve expectancy.
-Instrument personality matters: use Auto-Tune or re-calibrate obLevel/weakLvl across assets/timeframes.
8) Alerts you can set:
-Bull Signal X – PV crossed above Signal
-Bear Signal X – PV crossed below Signal
-Bull Baseline X – PV crossed above 0
-Bear Baseline X – PV crossed below 0
Versionshinweise
-Volatility-adaptive bands: Added an ATR ratio scaler for the deviation multiplier (toggle + fast/slow ATR lengths with min/max clamp) so bands auto-adjust to volatility.-Cleaner settings: Reorganized inputs into clear sections (Core, Bands & Volatility, Extremes & View, Colors, Bar Colors, Optimizer, Table Colors).
-Default tweaks: Background-on-breach transparency set to 60; extreme-line base opacity set to 40%.
-Color refresh: Updated default strong bull/bear colors (brighter green/red) and mid tones.
-Extreme line behavior: Lines are semi-opaque by default; they become fully opaque and adopt bear strong above +extreme and bull strong below −extreme.
-PV styling at extremes: PV line & dots auto-switch to bear strong above +extreme and bull strong below −extreme.
-bar coloring: Kept as a toggle with three modes (Regime+Strength, Cross Signals, Extremes), full opacity control, and extra dimming when momentum is weak.
-Optimizer unchanged: Auto-tune still selects the Top-1 **obLevel/weakLvl** pair; table shows Top-3 when enabled (same grid and scoring).
-Stability hygiene: FRAMA-adapted base window and safety clamps retained for consistent calculations.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.