Velocity Indicator [CC]The Velocity Indicator was created by Scott Cong (Stocks and Commodities Sep 2023, pgs 8-15). This is my variation of his formula designed to capture the overall velocity of the underlying stock by applying the typical velocity formula. This indicator is visually similar to a typical stochastic indicator but uses a different underlying calculation. This works well as a momentum indicator, and the values are completely unbounded, so the best ways to determine bullish or bearish trends is either by using a crossover or crossunder between the indicator and the midline or to buy or sell the indicator when it reaches a high or low point and starts to fall or rise respectively. For my default version, I used the zero line to help determine the bullish or bearish trends. I have also included multiple colors to differentiate between very strong signals and normal signals, so very strong signals are darker in color, and normal signals use lighter colors. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish! I will have some more new scripts in the next week or so.
In den Scripts nach "momentum" suchen
MomentumAccelerationOscillator (MAO)This new oscillator quantifies acceleration in momentum. There are a number of key features:
1. Values above zero signify an acceleration in buying momentum
2. Values below zero signify an acceleration in selling momentum
3. Green bars above the zero line signify increasing acceleration in buying momentum.
4. Red bars above the zero line signify decreasing acceleration in buying momentum.
5. Red bars below the zero line signify increasing acceleration in selling momentum.
6. Green bars below the zero line signify decreasing acceleration in selling momentum.
This oscillator can be used to build many trading systems. Here are two ideas:
1. Buy on crossover of the zero line (=acceleration in buying momentum). Exit on two consecutive red bars (=decreasing acceleration in buying momentum).
2. In existing up trend (MAO > 0), buy on colour change from grey to green (=increasing acceleration in buying momentum). Exit on two consecutive red bars (=decreasing acceleration in buying momentum).
RVGI Space Value- Momentum Oscillator
- Calculates Distance Between RVGI Lines
- Can be used as a substitute and/or complement to RSI
David Varadi Intermediate OscillatorThe David Varadi Intermediate Oscillator (DVI) is a composite momentum oscillator designed to generate trading signals based on two key factors: the magnitude of returns over different time windows and the stretch, which measures the relative number of up versus down days. By combining these factors, the DVI aims to provide a reliable and objective assessment of market trends and momentum.
Methodology:
To calculate the DVI, a specific formula is applied. The magnitude component involves averaging smoothed returns over various lengths, weighted according to user-defined parameters. This calculation helps determine the magnitude of price changes. The stretch component follows a similar process, averaging smoothed returns over different lengths to gauge market momentum. Users have the flexibility to adjust the weights and lengths to suit their trading preferences and styles.
Utility:
The DVI offers versatility in its applications. It can be used for both momentum trading and trend analysis due to its smooth and consistent signals. Unlike some other oscillators, the DVI provides longer and uncorrelated signals, allowing traders to effectively combine trend-following and mean-reversion strategies. For example, the DVI is adept at identifying overbought levels above the 200-day moving average, serving as a useful tool for determining exit points during price strength and even potential shorting opportunities. Traders can develop simple trading systems based on the DVI, buying above the 200-day moving average and selling when the DVI exceeds a specified threshold. Conversely, they can consider short positions below the 200-day moving average and cover when the DVI falls below a specific threshold. The DVI's objective approach to analyzing market momentum makes it a valuable resource for traders seeking to identify trading opportunities.
Key Features:
Bar coloring: based on Trend, Extremeties or Reversions
Reversions: Potential reversal points marked with triangles above\below oscillator
Extremity Hues: Highlighting oxcillator reaching traditional OB\OS levels
Example Charts:
Atlas Trend Multi Flow OscilattorThe Atlas Trend Multi Flow Oscillator is a powerful custom indicator designed to combine multiple key financial metrics—volume flow, money flow, and momentum—into a single, easy-to-read oscillatory output. This indicator helps traders better understand market dynamics by presenting a more comprehensive picture of price movements, market sentiment, and potential reversals.
Key Components:
Volume Flow: This is calculated by comparing the current price (hlcc4) to the VWAP (Volume Weighted Average Price). It helps track how volume relates to price changes.
Money Flow: The money flow multiplier is based on the highs and lows of a given period, giving insight into whether the market is experiencing buying or selling pressure.
Momentum: By averaging the price deviation from its mean, the momentum component measures the rate of price change, helping to identify trends.
Combining Factors: The three components are averaged to create the flow momentum, which is normalized and constrained between a specified upper and lower limit (-500 to 500) for better readability.
Visual Interpretation: The indicator visually signals upward or downward market shifts by changing color based on whether the current value exceeds the previous one (green for up, red for down). Additionally, bands (upper and lower) give traders a visual guide for potential overbought or oversold conditions.
How to Use:
Overbought/Oversold Levels: The indicator uses a range of -500 to 500, with additional bands drawn at 400 and -400, which can be used as potential reversal zones.
Momentum Shifts: Pay attention to color changes, as they suggest shifts in momentum. Green signals rising momentum, while red indicates declining momentum.
Zero Line: Crossing the zero line can signal a trend change, making it a valuable confirmation tool for trading decisions.
This oscillator provides a blend of volume, price action, and momentum, making it suitable for traders who want to capture both trend and reversal signals in various market conditions.
Frozen Bias Zones – Sentiment Lock-insOverview
The Frozen Bias Zones indicator visualizes market sentiment lock-ins using a combination of RSI, MACD, and OBV. It creates "bias zones" that indicate whether the market is in a sustained bullish or bearish phase. These zones are then highlighted on the chart, helping traders spot when the market is locked in a bias. The script also detects breakout events from these zones and marks them with clear labels for easier decision-making.
Features
Multi-Indicator Sentiment Analysis: Combines RSI, MACD, and OBV to detect synchronized bullish or bearish sentiment.
Frozen Bias Zones: Identifies and visually represents zones where the market has remained in a particular sentiment (bullish or bearish) for a defined period.
Breakout Alerts: Displays labels to indicate when the price breaks out of the established bias zone.
Customizable Inputs: Adjust the zone duration, RSI, MACD, and breakout label visibility.
Input Parameters
Bias Duration (biasLength)
The minimum number of candles the market must stay in a specific sentiment to consider it a "Frozen Bias Zone".
Default: 5 candles.
RSI Period (rsiPeriod)
Period for the Relative Strength Index (RSI) calculation.
Default: 14 periods.
MACD Settings
MACD Fast (macdFast): The fast-moving average period for the MACD calculation.
Default: 12.
MACD Slow (macdSlow): The slow-moving average period for the MACD calculation.
Default: 26.
MACD Signal (macdSig): The signal line period for MACD.
Default: 9.
Show Break Label (showBreakLabel)
Toggle to show labels when the price breaks out of the bias zone.
Default: True (shows label).
Bias Zone Colors
Bullish Bias Color (bullColor): The color for bullish zones (light green).
Bearish Bias Color (bearColor): The color for bearish zones (light red).
How It Works
This indicator analyzes three key market metrics to determine whether the market is in a bullish or bearish phase:
RSI (Relative Strength Index)
Measures the speed and change of price movements. RSI > 50 indicates a bullish phase, while RSI < 50 indicates a bearish phase.
MACD (Moving Average Convergence Divergence)
Measures the relationship between two moving averages of the price. A positive MACD histogram indicates bullish momentum, while a negative histogram indicates bearish momentum.
OBV (On-Balance Volume)
Uses volume flow to determine if a trend is likely to continue. A rising OBV indicates bullish accumulation, while a falling OBV indicates bearish distribution.
Bias Zone Detection
The market sentiment is considered bullish if all three indicators (RSI, MACD, and OBV) are bullish, and bearish if all three indicators are bearish.
Bullish Zone: A zone is created when the market sentiment remains bullish for the duration of the specified biasLength.
Bearish Zone: A zone is created when the market sentiment remains bearish for the duration of the specified biasLength.
These bias zones are visually represented on the chart as colored boxes (green for bullish, red for bearish).
Breakout Detection
The script automatically detects when the market exits a bias zone. If the price moves outside the bounds of the established zone (either up or down), the script will display one of the following labels:
Bias Break (Up): Indicates that the price has broken upwards out of the zone (with a green label).
Bias Break (Down): Indicates that the price has broken downwards out of the zone (with a red label).
These labels help traders easily identify potential breakout points.
Example Use Case
Bullish Market Conditions: If the RSI is above 50, the MACD histogram is positive, and OBV is increasing, the script will highlight a green bias zone. Traders can watch for potential bullish breakouts or trend continuation after the zone ends.
Bearish Market Conditions: If the RSI is below 50, the MACD histogram is negative, and OBV is decreasing, the script will highlight a red bias zone. Traders can look for potential bearish breakouts when the zone ends.
Conclusion
The Frozen Bias Zones indicator is a powerful tool for traders looking to visualize prolonged market sentiment, whether bullish or bearish. By combining RSI, MACD, and OBV, it helps traders spot when the market is "locked in" to a bias. The breakout labels make it easier to take action when the price moves outside of the established zone, potentially signaling the start of a new trend.
Instructions
To use this script:
Add the Frozen Bias Zones indicator to your TradingView chart.
Adjust the input parameters to suit your trading strategy.
Observe the colored bias zones on your chart, along with breakout labels, to make informed decisions on trend continuation or reversal.
Uptrick: MultiTrend Squeeze System**Uptrick: MultiTrend Squeeze System Indicator: The Ultimate Trading Tool for Precision and Versatility 📈🔥**
### Introduction
The MultiTrend Squeeze System is a powerful, multi-faceted trading indicator designed to provide traders with precise buy and sell signals by combining the strengths of multiple technical analysis tools. This script isn't just an indicator; it's a comprehensive trading system that merges the power of SuperTrend, RSI, Volume Filtering, and Squeeze Momentum to give you an unparalleled edge in the market. Whether you're a day trader looking for short-term opportunities or a swing trader aiming to catch longer-term trends, this indicator is tailored to meet your needs.
### Key Features and Unique Aspects
1. **SuperTrend with Dynamic Adjustments 📊**
- **Adaptive SuperTrend Calculation:** The SuperTrend is a popular trend-following indicator that adjusts dynamically based on market conditions. It uses the Average True Range (ATR) to calculate upper and lower bands, which shift according to market volatility. This script takes it further by combining it with the RSI and Volume filtering to provide more accurate signals.
- **Direction Sensitivity:** The SuperTrend here is not static. It adjusts based on the direction of the previous SuperTrend value, ensuring that the indicator remains relevant even in choppy markets.
2. **RSI Integration for Overbought/Oversold Conditions 💹**
- **RSI Calculation:** The Relative Strength Index (RSI) is incorporated to identify overbought and oversold conditions, adding an extra layer of precision. This helps in filtering out false signals and ensuring that trades are taken only in optimal conditions.
- **Customizable RSI Settings:** The RSI settings are fully customizable, allowing traders to adjust the RSI length and the overbought/oversold levels according to their trading style and market.
3. **Volume Filtering for Enhanced Signal Confirmation 📉**
- **Volume Multiplier:** This unique feature integrates volume analysis, ensuring that signals are only generated when there is sufficient market participation. The Volume Multiplier can be adjusted to filter out weak signals that occur during low-volume periods.
- **Optional Volume Filtering:** Traders have the flexibility to turn the volume filter on or off, depending on their preference or market conditions. This makes the indicator versatile, allowing it to be used across different asset classes and market conditions.
4. **Squeeze Momentum Indicator (SMI) for Market Pressure Analysis 💥**
- **Squeeze Detection:** The Squeeze Momentum Indicator detects periods of market compression and expansion. This script goes beyond the traditional Bollinger Bands and Keltner Channels by incorporating true range calculations, offering a more nuanced view of market momentum.
- **Customizable Squeeze Settings:** The lengths and multipliers for both Bollinger Bands and Keltner Channels are customizable, giving traders the flexibility to fine-tune the indicator based on their specific needs.
5. **Visual and Aesthetic Customization 🎨**
- **Color-Coding for Clarity:** The indicator is color-coded to make it easy to interpret signals. Bullish trends are marked with a vibrant green color, while bearish trends are highlighted in red. Neutral or unconfirmed signals are displayed in softer tones to reduce noise.
- **Histogram Visualization:** The primary trend direction and strength are displayed as a histogram, making it easy to visualize the market's momentum at a glance. The height and color of the bars provide immediate feedback on the strength and direction of the trend.
6. **Alerts for Real-Time Trading 🚨**
- **Custom Alerts:** The script is equipped with custom alerts that notify traders when a buy or sell signal is generated. These alerts can be configured to send notifications through various channels, including email, SMS, or directly to the trading platform.
- **Immediate Reaction:** The alerts are triggered based on the confluence of SuperTrend, RSI, and Volume signals, ensuring that traders are notified only when the most robust trading opportunities arise.
7. **Comprehensive Input Customization ⚙️**
- **SuperTrend Settings:** Adjust the ATR length and factor to control the sensitivity of the SuperTrend. This allows you to adapt the indicator to different market conditions, whether you're trading a volatile cryptocurrency or a more stable stock.
- **RSI Settings:** Customize the RSI length and thresholds for overbought and oversold conditions, enabling you to tailor the indicator to your specific trading strategy.
- **Volume Settings:** The Volume Multiplier and the option to toggle the volume filter provide an additional layer of customization, allowing you to fine-tune the indicator based on market liquidity and participation.
- **Squeeze Momentum Settings:** The lengths and multipliers for Bollinger Bands and Keltner Channels can be adjusted to detect different levels of market compression, providing flexibility for both short-term and long-term traders.
### How It Works: A Deep Dive Into the Mechanics 🛠️
1. **SuperTrend Calculation:**
- The SuperTrend is calculated using the ATR, which measures market volatility. The indicator creates upper and lower bands around the price, adjusting these bands based on the current level of market volatility. The direction of the trend is determined by the position of the price relative to these bands.
- The script enhances the standard SuperTrend by ensuring that the bands do not flip-flop too quickly, reducing the chances of false signals in a choppy market. The direction is confirmed by checking the position of the close relative to the previous band, making the trend detection more reliable.
2. **RSI Integration:**
- The RSI is calculated over a customizable length and compared to user-defined overbought and oversold levels. When the RSI crosses below the oversold level, and the SuperTrend indicates a bullish trend, a buy signal is generated. Conversely, when the RSI crosses above the overbought level, and the SuperTrend indicates a bearish trend, a sell signal is triggered.
- The combination of RSI with SuperTrend ensures that trades are only taken when there is a strong confluence of signals, reducing the chances of entering trades during weak or indecisive market phases.
3. **Volume Filtering:**
- The script calculates the average volume over a 20-period simple moving average. The volume filter ensures that buy and sell signals are only valid when the current volume exceeds a multiple of this average, which can be adjusted by the user. This feature helps filter out weak signals that might occur during low-volume periods, such as just before a major news event or during after-hours trading.
- The volume filter is particularly useful in markets where volume spikes are common, as it ensures that signals are only generated when there is significant market interest in the direction of the trend.
4. **Squeeze Momentum:**
- The Squeeze Momentum Indicator (SMI) adds a layer of market pressure analysis. The script calculates Bollinger Bands and Keltner Channels, detecting when the market is in a "squeeze" — a period of low volatility that typically precedes a significant price move.
- When the Bollinger Bands are inside the Keltner Channels, the market is in a squeeze (compression phase). This is often a precursor to a breakout or breakdown. The script colors the histogram bars black during this phase, indicating a potential for a strong move. Once the squeeze is released, the bars are colored according to the direction of the SuperTrend, signaling a potential entry point.
5. **Integration and Signal Generation:**
- The script brings together the SuperTrend, RSI, Volume, and Squeeze Momentum to generate highly accurate buy and sell signals. A buy signal is triggered when the SuperTrend is bullish, the RSI indicates oversold conditions, and the volume filter confirms strong market participation. Similarly, a sell signal is generated when the SuperTrend is bearish, the RSI indicates overbought conditions, and the volume filter is met.
- The combination of these elements ensures that the signals are robust, reducing the likelihood of entering trades during weak or indecisive market conditions.
### Practical Applications: How to Use the MultiTrend Squeeze System 📅
1. **Day Trading:**
- For day traders, this indicator provides quick and reliable signals that can be used to enter and exit trades multiple times within a day. The volume filter ensures that you are trading during the most liquid times of the day, increasing the chances of successful trades. The Squeeze Momentum aspect helps you catch breakouts or breakdowns, which are common in intraday trading.
2. **Swing Trading:**
- Swing traders can use the MultiTrend Squeeze System to identify longer-term trends. By adjusting the ATR length and factor, you can make the SuperTrend more sensitive to catch longer-term moves. The RSI and Squeeze Momentum aspects help you time your entries and exits, ensuring that you get in early on a trend and exit before it reverses.
3. **Scalping:**
- For scalpers, the quick signals provided by this system, especially in combination with the volume filter, make it easier to take small profits repeatedly. The histogram bars give you a clear visual cue of the market's momentum, making it easier to scalp effectively.
4. **Position Trading:**
- Even position traders can benefit from this indicator by using it to confirm long-term trends. By adjusting the settings to less sensitive parameters, you can ensure that you are only entering trades when a strong trend is confirmed. The Squeeze Momentum indicator will help you stay in the trade during periods of consolidation, waiting for the next big move.
### Conclusion: Why the MultiTrend Squeeze System is a Game-Changer 🚀
The MultiTrend Squeeze System is not just another trading indicator; it’s a comprehensive trading strategy encapsulated within a single script. By combining the power
of SuperTrend, RSI, Volume Filtering, and Squeeze Momentum, this indicator provides a robust and versatile tool that can be adapted to various trading styles and market conditions.
**Why is it Unique?**
- **Multi-Dimensional Analysis:** Unlike many other indicators that rely on a single data point or calculation, this script incorporates multiple layers of analysis, ensuring that signals are based on a confluence of factors, which increases their reliability.
- **Customizability:** The vast range of input settings allows traders to tailor the indicator to their specific needs, whether they are trading forex, stocks, cryptocurrencies, or commodities.
- **Visual Clarity:** The color-coded bars, labels, and signals make it easy to interpret the market conditions at a glance, reducing the time needed to make trading decisions.
Whether you are a novice trader or an experienced market participant, the MultiTrend Squeeze System offers a powerful toolset to enhance your trading strategy, reduce risk, and maximize your potential returns. With its combination of trend analysis, momentum detection, and volume filtering, this indicator is designed to help you trade with confidence and precision in any market condition.
Advanced Session Profile Predictor with SR Boxes & ORAdvanced Session Profile Predictor with Momentum Arrows
Designed for intraday traders, this indicator analyzes price action across Asia, London, and New York sessions to predict market profiles and highlight key trading opportunities. By combining session-based profiling, Opening Range (OR) visualization, and momentum signals from Traders Dynamic Index (TDI), it offers a unique tool for anticipating trends, reversals, and breakouts. Ideal for forex, indices, and crypto on 15M–1H charts.
What Makes This Indicator Unique?
Unlike typical session indicators that only mark time zones or standard TDI scripts that focus on momentum, this tool:
Predicts market profiles (e.g., "Trend Continuation," "NY Manipulation") by analyzing session ranges and directional moves, offering actionable insights into how sessions interact.
Visualizes Opening Range (OR) boxes for the first 15 minutes of each session, helping traders spot early breakout levels.
Integrates TDI with momentum to generate precise bullish/bearish arrows, filtered by session context for improved reliability.
Simplifies decision-making with dynamic profile labels showing real-time long/short conditions based on price levels.
How Does It Work?
Session Tracking:
Asia (00:00–08:00 UTC, yellow), London (08:00–16:00 UTC, red), and New York (13:00–21:00 UTC, blue) sessions are highlighted with background colors and high/low lines (crosses).
OR boxes (first 15 minutes) are drawn for each session: yellow for Asia, red for London, blue for NY.
Profile Prediction:
Compares Asia and London session ranges and directions (e.g., trending if range > 1.5x 5-period SMA).
Examples:
Trend Continuation: Asia and London trend in the same direction—long above Asia high (uptrend) or short below Asia low (downtrend).
NY Manipulation: Asia trends, London consolidates—watch for NY breakouts at London high/low.
Displays the predicted profile and entry conditions in labels (e.g., "IF price hits 1.2000 LONG").
Momentum Arrows:
Uses TDI (RSI period 21, bands 34, fast MA 2) and 12-period momentum.
Green up arrow: Fast MA > upper band (>68) and momentum rising (bullish).
Red down arrow: Fast MA < lower band (<32) and momentum falling (bearish).
Support/Resistance (SR):
Plots dynamic SR boxes based on pivot highs/lows, filtered by volume (inspired by ChartPrime’s methodology, credited below).
How to Use It
Setup: Apply to a 15M–1H chart. Adjust time zone (default: UTC) and session times if needed. Customize TDI/momentum settings for sensitivity.
Trading:
Check the top-right labels for the current profile and entry conditions (e.g., "IF price hits LONG/SHORT").
Confirm entries with green up arrows (bullish) or red down arrows (bearish).
Use OR boxes and session high/low lines to identify breakout or reversal levels.
Example: In "NY Manipulation," wait for price to hit London high (long) or low (short) during NY session, confirmed by an arrow.
Best Markets: Forex (EUR/USD), indices (SPX500), crypto (BTC/USD) with sufficient intraday volatility.
Underlying Concepts
Session Profiling: Detects trends (range > SMA * threshold) and manipulation (e.g., London breaking Asia’s high/low) to predict NY behavior.
OR Boxes: Marks the first 15 minutes’ high/low as a breakout zone (time-based, 900,000 ms).
TDI + Momentum: Combines RSI-based bands with price change (close – close ) for momentum signals.
SR Boxes: Identifies pivots over a lookback period (default 20), scaled by ATR and filtered by volume thresholds.
Credits
The SR box logic is inspired by ChartPrime’s volume-filtered support/resistance methodology, adapted with custom breakout/hold detection. Original authors are credited for their foundational work.
Chart Setup
Displays session backgrounds, OR boxes, high/low lines, TDI arrows, and profile labels. Keep other indicators off for clarity.
Momentum Indicator (ATR & Volume)Description:
The Momentum Indicator (ATR & Volume) is a specialized tool that identifies potential trend reversals and anomalies in financial markets. By amplifying the interaction between volatility (measured through the Average True Range, ATR) and trading volume, this indicator provides a nuanced approach to spotting critical market transitions. Spikes in the combined momentum value often signal the exhaustion of a current trend and the potential onset of a new one.
Core Functionality:
Average True Range (ATR):
The ATR is calculated over a user-defined period to measure market volatility. It reflects the degree of price movement, capturing both gap and range-based volatility.
Volume Smoothing:
A Simple Moving Average (SMA) of volume over a specified period is computed to standardize trading activity and provide a benchmark for comparison.
Momentum Calculation:
The raw momentum is determined as the difference between the current close and the previous close, offering a snapshot of directional strength.
Combined Momentum:
This innovative metric is derived by normalizing momentum using ATR and scaling it with the ratio of current volume to its SMA.
This approach enhances the signal's sensitivity to volatility and volume spikes, aligning it with market anomalies.
Visual Components:
Combined Momentum Line (Blue): Displays the amplified momentum, highlighting significant shifts in market behavior.
Neutral Line (Gray): A horizontal reference line at zero, separating bullish from bearish momentum.
Advanced Concepts:
Amplification of Anomalies:
By integrating ATR and volume dynamics, the indicator amplifies market irregularities, providing clarity during pivotal moments of trend transitions.
Spike Detection for Trend Reversals:
Spikes in the combined momentum often correlate with abrupt changes in volatility and volume, signaling potential trend reversals.
Applications:
Trend Reversal Identification:
Monitor for spikes in the combined momentum, which frequently mark the end of a trend and the start of a new directional move.
Market Anomalies:
Use this indicator to detect periods of heightened market activity driven by abnormal volatility or volume.
Volatility-Driven Signals:
Leverage the interaction between ATR and volume to gain insights into market strength and exhaustion points.
Additional Features:
Dynamic Labeling:
Displays real-time ATR and Volume SMA values directly on the chart for immediate context and decision-making.
Disclaimer:
This indicator is intended for informational and educational purposes only. It does not constitute financial advice. Traders should perform their own analysis and consult with professionals before making any investment decisions.
ALNADAMomentum indicator try to discover market turning points early, using trend, divergence, and momentum.
Enhanced Order Flow Pressure GaugeShort Description:
Estimates bullish/bearish pressure by analyzing each candle’s close position within its range, then weighting that by volume. Detects potential trend shifts and provides real-time signals.
Full Description:
1. Purpose
The Enhanced Order Flow Pressure Gauge (OFPG+) is designed to approximate buy vs. sell pressure within each bar, even if you don’t have full Level II / order flow data. By measuring the candle’s close relative to its high-low range and multiplying by volume, OFPG+ provides insights into which side of the market (bulls or bears) is more aggressive in a given interval.
2. Key Components
Pressure Score (Histogram):
Raw measure of each bar’s close position (rangePos) minus midpoint, multiplied by volume. If the bar closes near its high with decent volume, the score is positive (bullish). Conversely, a close near its low yields a negative (bearish) reading.
Cumulative Pressure:
Sum of all pressure readings over time (similar to cumulative delta), reflecting the overall market bias.
Pressure Delta:
The change in cumulative pressure from one bar to the next, plotted as a line. Rising values suggest increasing bullish momentum, while falling values show growing bearish influence.
3. Visual Cues & Signals
Histogram (Pressure Profile): A color-coded bar for each candle, indicating net bullish (blue) or bearish (gray) intrabar pressure.
Pressure Delta Line: Plotted over the histogram. Turns bullish (blue) when net buy pressure is increasing, or bearish (gray) when net selling accelerates.
Background Highlights:
Turns lightly blue if the smoothed pressure line exceeds the positive threshold, or lightly gray if it goes below the negative threshold.
Bullish / Bearish Signals:
Bullish Signal occurs when the smoothed pressure line crosses above the positive threshold, combined with a positive Delta.
Bearish Signal occurs when the smoothed pressure line crosses below the negative threshold, combined with a negative Delta.
Confirmed Signals:
After a bullish/bearish signal, OFPG+ checks the highest or lowest smoothed pressure values over a user-defined number of bars (signalLookback) to confirm momentum.
Plotshapes (diamond icons) appear on the chart to mark these confirmed reversals.
4. Usage Scenarios
Trend-Following / Momentum: Watch for transitions from negative to positive net pressure or vice versa. Helps identify potential turning points.
Reversal Confirmation: The threshold-based signals plus the “confirmed” checks can help filter choppy conditions.
Volume-Weighted Insights: By factoring in volume, strong closes near the highs or lows are weighted more heavily, capturing sentiment shifts.
5. Inputs & Parameters
Smoothing Length (length): The EMA period for smoothing the raw pressure score.
Volume Weight (volWeight): Scales the volume impact on pressure calculations.
Pressure Threshold (threshold): Defines when pressure is considered significantly bullish or bearish.
Signal Lookback (signalLookback): Number of bars to confirm momentum after a signal.
6. Alerts
Bullish Signal & Confirmed Bullish
Bearish Signal & Confirmed Bearish
These alerts can notify you in real-time about potential shifts in the market’s buying or selling pressure.
7. Disclaimer
This script provides an approximation of order flow by analyzing candle structure and volume. It does not represent actual exchange-level order data.
Past performance is not necessarily indicative of future results. Always conduct thorough analysis and use proper risk management.
Not financial advice. Use at your own discretion.
Colorful Moving Averageswhat is Colorful Moving Averages?
This indicator allows you to use your favorite moving averages in their advanced form.
what it does?
It gives you easy access to the following information with a single indicator: the direction and momentum of the price,
rate of change of momentum (acceleration),
time-dependent change in momentum,
and all the other information a moving average provides.
it paints the selected moving average type according to the momentum it has, and also shows the momentum and acceleration values in a table. colors are interpreted as follows: the color of the moving average is red, the momentum is negative; A green color means the momentum is positive, and a yellow color means the momentum is 0. As the momentum changes, the moving average takes on different shades of these 3 colors. how it actually works can be easily understood at a glance.
"Δ" sign indicates momentum compressed between 100 and -100.
"Γ" sign indicates the momentum of the momentum, that is the acceleration. its values are compressed between 100 and -100.
how it does it?
it uses this formulas:
how to use it?
First, select the moving average type you want to use. then set the length and source. Now, with a single indicator, you can observe both the distance of the price from the mean, its instantaneous momentum relative to the last candle by looking at the symbol "Δ", the current change of momentum by looking at the symbol "Γ", and the time-dependent change in its momentum by looking at the colors. you can also see the maximum and minimum points where the momentum is equal to 0.
Contrarian RSIContrarian RSI Indicator
Pairs nicely with Contrarian 100 MA (optional hide/unhide buy/sell signals)
Description
The Contrarian RSI is a momentum-based technical indicator designed to identify potential reversal points in price action by combining a unique RSI calculation with a predictive range model inspired by the "Contrarian 5 Levels" logic. Unlike traditional RSI, which measures price momentum based solely on price changes, this indicator integrates a smoothed, weighted momentum calculation and predictive price ranges to generate contrarian signals. It is particularly suited for traders looking to capture reversals in trending or range-bound markets.
This indicator is versatile and can be used across various timeframes, though it performs best on higher timeframes (e.g., 1H, 4H, or Daily) due to reduced noise and more reliable signals. Lower timeframes may require additional testing and careful parameter tuning to optimize performance.
How It Works
The Contrarian RSI combines two primary components:
Predictive Ranges (5 Levels Logic): This calculates a smoothed price average that adapts to market volatility using an ATR-based mechanism. It helps identify significant price levels that act as potential support or resistance zones.
Contrarian RSI Calculation: A modified RSI calculation that uses weighted momentum from the predictive ranges to measure buying and selling pressure. The result is smoothed and paired with a user-defined moving average to generate clear signals.
The indicator generates buy (long) and sell (exit) signals based on crossovers and crossunders of user-defined overbought and oversold levels, making it ideal for contrarian trading strategies.
Calculation Overview
Predictive Ranges (5 Levels Logic):
Uses a custom function (pred_ranges) to calculate a dynamic price average (avg) based on the ATR (Average True Range) multiplied by a user-defined factor (mult).
The average adjusts only when the price moves beyond the ATR threshold, ensuring responsiveness to significant price changes while filtering out noise.
This calculation is performed on a user-specified timeframe (tf5Levels) for multi-timeframe analysis.
Contrarian RSI:
Compares consecutive predictive range values to calculate gains (g) and losses (l) over a user-defined period (crsiLength).
Applies a Gaussian weighting function (weight = math.exp(-math.pow(i / crsiLength, 2))) to prioritize recent price movements.
Computes a "wave ratio" (net_momentum / total_energy) to normalize momentum, which is then scaled to a 0–100 range (qrsi = 50 + 50 * wave_ratio).
Smooths the result with a 2-period EMA (qrsi_smoothed) for stability.
Moving Average:
Applies a user-selected moving average (SMA, EMA, WMA, SMMA, or VWMA) with a customizable length (maLength) to the smoothed RSI (qrsi_smoothed) to generate the final indicator value (qrsi_ma).
Signal Generation:
Long Entry: Triggered when qrsi_ma crosses above the oversold level (oversoldLevel, default: 1).
Long Exit: Triggered when qrsi_ma crosses below the overbought level (overboughtLevel, default: 99).
Entry and Exit Rules
Long Entry: Enter a long position when the Contrarian RSI (qrsi_ma) crosses above the oversold level (default: 1). This suggests the asset is potentially oversold and due for a reversal.
Long Exit: Exit the long position when the Contrarian RSI (qrsi_ma) crosses below the overbought level (default: 99), indicating a potential overbought condition and a reversal to the downside.
Customization: Adjust overboughtLevel and oversoldLevel to fine-tune sensitivity. Lower timeframes may benefit from tighter levels (e.g., 20 for oversold, 80 for overbought), while higher timeframes can use extreme levels (e.g., 1 and 99) for stronger reversals.
Timeframe Considerations
Higher Timeframes (Recommended): The indicator is optimized for higher timeframes (e.g., 1H, 4H, Daily) due to its reliance on predictive ranges and smoothed momentum, which perform best with less market noise. These timeframes typically yield more reliable reversal signals.
Lower Timeframes: The indicator can be used on lower timeframes (e.g., 5M, 15M), but signals may be noisier and require additional confirmation (e.g., from price action or other indicators). Extensive backtesting and parameter optimization (e.g., adjusting crsiLength, maLength, or mult) are recommended for lower timeframes.
Inputs
Contrarian RSI Length (crsiLength): Length for RSI momentum calculation (default: 5).
RSI MA Length (maLength): Length of the moving average applied to the RSI (default: 1, effectively no MA).
MA Type (maType): Choose from SMA, EMA, WMA, SMMA, or VWMA (default: SMA).
Overbought Level (overboughtLevel): Upper threshold for exit signals (default: 99).
Oversold Level (oversoldLevel): Lower threshold for entry signals (default: 1).
Plot Signals on Main Chart (plotOnChart): Toggle to display signals on the price chart or the indicator panel (default: false).
Plotted on Lower:
Plotted on Chart:
5 Levels Length (length5Levels): Length for predictive range calculation (default: 200).
Factor (mult): ATR multiplier for predictive ranges (default: 6.0).
5 Levels Timeframe (tf5Levels): Timeframe for predictive range calculation (default: chart timeframe).
Visuals
Contrarian RSI MA: Plotted as a yellow line, representing the smoothed Contrarian RSI with the applied moving average.
Overbought/Oversold Lines: Red line for overbought (default: 99) and green line for oversold (default: 1).
Signals: Blue circles for long entries, white circles for long exits. Signals can be plotted on the main chart (plotOnChart = true) or the indicator panel (plotOnChart = false).
Usage Notes
Use the indicator in conjunction with other tools (e.g., support/resistance, trendlines, or volume) to confirm signals.
Test extensively on your chosen timeframe and asset to optimize parameters like crsiLength, maLength, and mult.
Be cautious with lower timeframes, as false signals may occur due to market noise.
The indicator is designed for contrarian strategies, so it works best in markets with clear reversal patterns.
Disclaimer
This indicator is provided for educational and informational purposes only. Always conduct thorough backtesting and risk management before using any indicator in live trading. The author is not responsible for any financial losses incurred.
Candle Spread Oscillator (CS0)The Candle Spread Oscillator (CSO) is a custom technical indicator designed to help traders identify momentum and directional strength in the market by analyzing the relationship between the candle body spread and the total candle range. This oscillator provides traders with a visually intuitive representation of price action dynamics and highlights key transitions between positive and negative momentum.
How It Works:
Body Spread vs. Total Range:
The CSO calculates the body spread (difference between the close and open price) and compares it to the total range (difference between the high and low price) of a candle.
The ratio of the body spread to the total range represents the proportion of price movement driven by directional momentum.
Smoothed Oscillator:
To remove noise and enhance clarity, the ratio is smoothed using a Hull Moving Average (HMA). The smoothing period can be adjusted through the "Smoothing Period" input, enabling traders to tailor the indicator to their preferred timeframes or strategies.
Gradient Visualization:
A gradient coloring is applied to the oscillator, transitioning smoothly between colors (e.g., fuchsia for negative momentum and aqua for positive momentum). This provides traders with a clear, intuitive visual cue of market behavior.
Visual Features:
Oscillator Plot:
The oscillator is displayed as an area-style plot, dynamically colored using a gradient. Positive values are represented in shades of aqua, while negative values are in shades of fuchsia.
Midline (0 Level):
A horizontal midline is plotted at the zero level, serving as a key reference point for identifying transitions between positive and negative momentum.
Background Highlights:
The chart background is subtly colored to match the oscillator's state, enhancing the visual emphasis on current momentum conditions.
Alerts for Key Crossovers:
The CSO comes with built-in alert conditions, making it highly actionable for traders:
Cross Up Alert: Triggers when the oscillator crosses above the midline (0), signaling a potential shift into positive momentum.
Cross Down Alert: Triggers when the oscillator crosses below the midline (0), indicating a potential transition into negative momentum.
These alerts allow traders to stay informed about critical market shifts without constantly monitoring the chart.
How to Use:
Trend Identification:
When the oscillator is above the midline and positive, it indicates that price action is moving with bullish momentum.
When the oscillator is below the midline and negative, it reflects bearish momentum.
Momentum Strength:
The magnitude of the oscillator (its distance from the midline) helps traders gauge the strength of the momentum. Stronger moves will push the oscillator further from zero.
Potential Reversals:
Crossovers of the oscillator through the midline can signal potential reversals or shifts in market direction.
Customization:
Adjust the Smoothing Period to adapt the sensitivity of the oscillator to different timeframes. A lower smoothing period reacts faster to price changes, while a higher smoothing period smooths out noise.
Best Use Cases:
Momentum Trading: Identify periods of sustained bullish or bearish momentum to align with the trend.
Reversal Signals: Spot transitions in market direction when the oscillator crosses the midline.
Confirmation Tool: Use the CSO alongside other indicators (e.g., volume, trendlines, or moving averages) to confirm trading signals.
Key Inputs:
Smoothing Period: Customize the sensitivity of the oscillator by adjusting the lookback period for the Hull Moving Average.
Gradient Range: The color gradient transitions between defined thresholds (-0.1 to 0.2 by default), ensuring a smooth visual experience.
[Why Use the Candle Spread Oscillator?
The CSO is a simple yet powerful tool for traders who want to:
Gain a deeper understanding of price momentum.
Quickly visualize shifts between bullish and bearish trends.
Use clear, actionable signals with customizable alerts.
Disclaimer: This indicator is not a standalone trading strategy. It should be used in combination with other technical and fundamental analysis tools. Always trade responsibly, and consult a financial advisor for personalized advice.
Dynamic Rate of Change OscillatorDynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram
Detailed Description for Publication
The Dynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram is a sophisticated technical analysis tool designed to enhance your understanding of market momentum. Created using Pine Script v5 on the TradingView platform, this indicator integrates multiple Rate of Change (RoC) calculations into a unified momentum oscillator. The resulting data is displayed as a color-coded histogram, providing a clear visual representation of momentum changes.
Key Features and Functionality
Multi-Length RoC Calculation:
Short-term RoC: Calculated over a user-defined period (shortRoCLength), this captures variations in price momentum over a shorter duration, offering insights into the immediate price action.
Long-term RoC: This uses a longer period (longRoCLength) to provide a broader view of momentum, helping to smooth out short-term fluctuations and highlight more established trends.
Mid-term RoC: A weighted average of the short-term and long-term RoCs, the mid-term RoC (midRoCWeight) allows you to balance sensitivity and stability in the oscillator's behavior.
Weighted RoC Calculation:
The indicator calculates a single weighted average RoC by integrating short-term, long-term, and mid-term RoCs. The weighting factor can be adjusted to prioritize different market dynamics according to the trader’s strategy. This flexible approach enables the oscillator to remain applicable across diverse market conditions.
Oscillator Calculation and Smoothing:
The oscillator value is computed by subtracting a 14-period Weighted Moving Average (WMA) from the weighted RoC, which helps to normalize the oscillator, making it more responsive to changes in momentum.
The oscillator is then smoothed using a Simple Moving Average (SMA) over a user-defined period (smoothLength). This process reduces market noise, making the oscillator's signals clearer and easier to interpret.
Color-Coded Histogram:
The smoothed oscillator is displayed as a histogram, which is color-coded to reflect bullish or bearish momentum. You can customize the colors to match your charting style, with green typically representing upward momentum and red representing downward momentum.
The color-coded histogram allows for quick visual identification of momentum changes on the chart, aiding in your market analysis.
Zero-Line Reference:
A horizontal line at the zero level is plotted as a reference point. This zero-line helps in identifying when the histogram shifts from positive to negative or vice versa, which can be useful in understanding momentum shifts.
The zero-line offers a straightforward visual cue, making it easier to interpret the oscillator's signals in relation to market movements.
Customization and Versatility
The Dynamic RoC Oscillator with Histogram is designed with flexibility in mind, making it suitable for a wide range of trading styles, from short-term trading to longer-term analysis. Users have the ability to fine-tune the indicator’s input parameters to align with their specific needs:
Adjustable RoC Periods: Customize the short-term and long-term RoC lengths to match the timeframes you focus on.
Weighted Sensitivity: Adjust the mid-term RoC weight to emphasize different aspects of momentum according to your analysis approach.
Smoothing Options: Modify the smoothing moving average length to control the sensitivity of the oscillator, allowing you to balance responsiveness with noise reduction.
Use Cases
Momentum Analysis: Gain a clearer understanding of momentum changes within the market, which can aid in the evaluation of market trends.
Trend Analysis: The oscillator can help in assessing trends by highlighting when momentum is increasing or decreasing.
Chart Visualization: The color-coded histogram provides a visually intuitive method for monitoring momentum, helping you to more easily interpret market behavior.
Conclusion
The Dynamic Rate of Change (RoC) Oscillator with Color-Coded Histogram is a versatile and powerful tool for traders who seek a deeper analysis of market momentum. With its dynamic calculation methods and high degree of customization, this indicator can be tailored to suit a variety of trading strategies. By integrating it into your TradingView charts, you can enhance your technical analysis capabilities, gaining valuable insights into market momentum.
This indicator is easy to use and highly customizable, making it a valuable addition to any trader’s toolkit. Add it to your charts on the TradingView platform and start exploring its potential to enrich your market analysis.
FOREX Master Pattern Trend Finder by nnamdertWhat does this Indicator do?
This indicator works by identifying Trends and "potential" shifts in trends before they happen. It is technically a momentum indicator that watches for specific Bullish or Bearish momentum (i.e. Bull Runs, and Crashes).
How does it do this?
It uses a custom script that takes into account extremes in price and certain moving averages and other accurate forward looking indicators. Once it finds a Bull run, signals are triggered in the form of PLUS signs. It does the same for strong Bearish trends. Based on how the script is configured, the Indicator is able to spot (in advance) unique movement in the trend that can predict a change in momentum prior to the change occurring.
These momentum changes can be configured as alerts.
As seen in the screenshot below the indicator triggers "early warning" signals when it detects a specific movement that is indicative of a potential change in momentum or trend. It does this IN ADVANCE of any change - it is ONLY A PREDICTION but allows the trader to look at the asset to determine if the potential change in trend is valid and gives the trader enough time to set up a trade and stop-loss.
As seen in the screenshot below color-coded candles allow the trader to visually SEE the change on the chart making it easier to get a quick glance at the current trend. In addition, Green and Red Crosses were added to the oscillator to help easily identify trends if the color coded candle feature is turned OFF. These Red and Green Crosses are not located at every highlighted bar location, rather, at the first bar that the alert was triggered on. If there was a gap in the trend, the alert triggers, and plots again when a new trend starts.
As seen in the screenshot below, when a strong trend is present in either direction, small red or green dots are plotted on the oscillator. This makes spotting past and current trends much easier. Even if the price is not moving up or down, this indicates strong underlying buying or selling pressure.
Some traders like using indicators as a reversal finder. Although this indicator is NOT A REVERSAL INDICATOR, I added a signal that can be used as a "potential" reversal finder. You can see this in the screenshot below.
These "reversal" signals typically appear prior to a move in the opposite direction (but not always). A stop-loss can be set at the high or low of the previous bar depending on direction.
At times, multiple "conflicting" warning signals appear back-to-back. This is indicative of a "crab" in the market. Basically, indecision is present in the market. These "early warning" signals are smaller and either BLUE or ORANGE . Once a trend is recognized, the signal will be either RED or GREEN and a bit larger.
Viewing a higher timeframe will allow Forex Master Pattern traders to easily spot contraction zones. I manually draw the lines in at these zones. These "Value Lines" are typically respected in the future. As shown in the screenshot below, the level acted as support in the future and a newer value line was created at a "higher level" - this indicates a Bullish momentum in price as buyers and sellers have agreed upon the higher price as a true value area.
As seen in the screenshot below, multiple potential reversal signals plotted on the chart indicate a "weakening' in the strength of the current trend. This allows the trader to strategically move their stop-loss or simply take some profits off the table at this level.
This Indicator does NOT overlay on the current chart but allows the trader to see color coded bars. Simply double clicking within the indicator will expand the indicator to full screen, and double clicking within the chart itself will hide the secondary pane but keep the candles visible on the chart.
Happy Trading and GOOD LUCK!
Trend Average (Expo)
Trend Average (Expo) measures the overall trend strength and how strong the current price move/momentum is. The color of the average helps to identify the strength and momentum of the trend.
The user can enable Bar Color that coloring the candlesticks based on the trend strength.
The user can choose between different average calculations, such as SMA, WMA, HMA, to mention a few.
This indicator is for those that don't want to have the Trend Oscillator (Expo) but still want to keep track of the trend strength and direction. There is a minor difference in how the trend is calculated due to the nature of input variables.
HOW TO USE
Identify the trend strength and direction
Identify current momentum
INDICATOR IN ACTION
Daily chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
MarketSniffer AMarketSniffer A is a custom made indicator made by 2 friends that combined 2 strategies to make 1 indicator. It can detect good moments to buy and sell based on our strategy.
Marketsniffer A can be used in any market since its for a big part based on momentum. Although we recommend using it in the crypto market since it was tested and mainly made for crypto.
How to use it: MarketSniffer A can be used in many ways, own strategies can be made.
Example strategy: Lower timeframes (anything below the 1d) if the price is trading above the yellow 200 EMA, take the buy signals. If its trading below the 200 ema and you see a sell signal then sell / short
Example strategy: Higher timeframes (anything above the 1d) Any timeframe above the 1d, the 200 ema rule doesn't exist. Any buy signals should be good for taking a spot position. The sell signals therfore are NOT short signals but sell signals. Its just points to take profit from the buy signal.
Its recommended to use the small timeframe signals (anything below 1d) for leverage trading. Any signals above 1day timeframe should be spot trading.
This indicator should be used in combination with MarketSniffer B
Use the link on our profile to get acces to this indicator.
Momentum Regression [BackQuant]Momentum Regression
The Momentum Regression is an advanced statistical indicator built to empower quants, strategists, and technically inclined traders with a robust visual and quantitative framework for analyzing momentum effects in financial markets. Unlike traditional momentum indicators that rely on raw price movements or moving averages, this tool leverages a volatility-adjusted linear regression model (y ~ x) to uncover and validate momentum behavior over a user-defined lookback window.
Purpose & Design Philosophy
Momentum is a core anomaly in quantitative finance — an effect where assets that have performed well (or poorly) continue to do so over short to medium-term horizons. However, this effect can be noisy, regime-dependent, and sometimes spurious.
The Momentum Regression is designed as a pre-strategy analytical tool to help you filter and verify whether statistically meaningful and tradable momentum exists in a given asset. Its architecture includes:
Volatility normalization to account for differences in scale and distribution.
Regression analysis to model the relationship between past and present standardized returns.
Deviation bands to highlight overbought/oversold zones around the predicted trendline.
Statistical summary tables to assess the reliability of the detected momentum.
Core Concepts and Calculations
The model uses the following:
Independent variable (x): The volatility-adjusted return over the chosen momentum period.
Dependent variable (y): The 1-bar lagged log return, also adjusted for volatility.
A simple linear regression is performed over a large lookback window (default: 1000 bars), which reveals the slope and intercept of the momentum line. These values are then used to construct:
A predicted momentum trendline across time.
Upper and lower deviation bands , representing ±n standard deviations of the regression residuals (errors).
These visual elements help traders judge how far current returns deviate from the modeled momentum trend, similar to Bollinger Bands but derived from a regression model rather than a moving average.
Key Metrics Provided
On each update, the indicator dynamically displays:
Momentum Slope (β₁): Indicates trend direction and strength. A higher absolute value implies a stronger effect.
Intercept (β₀): The predicted return when x = 0.
Pearson’s R: Correlation coefficient between x and y.
R² (Coefficient of Determination): Indicates how well the regression line explains the variance in y.
Standard Error of Residuals: Measures dispersion around the trendline.
t-Statistic of β₁: Used to evaluate statistical significance of the momentum slope.
These statistics are presented in a top-right summary table for immediate interpretation. A bottom-right signal table also summarizes key takeaways with visual indicators.
Features and Inputs
✅ Volatility-Adjusted Momentum : Reduces distortions from noisy price spikes.
✅ Custom Lookback Control : Set the number of bars to analyze regression.
✅ Extendable Trendlines : For continuous visualization into the future.
✅ Deviation Bands : Optional ±σ multipliers to detect abnormal price action.
✅ Contextual Tables : Help determine strength, direction, and significance of momentum.
✅ Separate Pane Design : Cleanly isolates statistical momentum from price chart.
How It Helps Traders
📉 Quantitative Strategy Validation:
Use the regression results to confirm whether a momentum-based strategy is worth pursuing on a specific asset or timeframe.
🔍 Regime Detection:
Track when momentum breaks down or reverses. Slope changes, drops in R², or weak t-stats can signal regime shifts.
📊 Trade Filtering:
Avoid false positives by entering trades only when momentum is both statistically significant and directionally favorable.
📈 Backtest Preparation:
Before running costly simulations, use this tool to pre-screen assets for exploitable return structures.
When to Use It
Before building or deploying a momentum strategy : Test if momentum exists and is statistically reliable.
During market transitions : Detect early signs of fading strength or reversal.
As part of an edge-stacking framework : Combine with other filters such as volatility compression, volume surges, or macro filters.
Conclusion
The Momentum Regression indicator offers a powerful fusion of statistical analysis and visual interpretation. By combining volatility-adjusted returns with real-time linear regression modeling, it helps quantify and qualify one of the most studied and traded anomalies in finance: momentum.
TTM Squeeze Value OscillatorThis indicator is specifically designed for use with TradingView's Stock Screener, not for chart analysis. It provides numerical values and binary signals that allow traders to efficiently scan stocks for specific TTM Squeeze conditions, momentum patterns, and EMA alignments.
What It Does
The TTM Squeeze Value Oscillator converts the popular TTM Squeeze indicator into a screenable format by outputting specific numerical values and binary signals (1 or 0) that can be filtered in TradingView's screener tool.
Key Features
1. TTM Squeeze Compression Levels
Value 0: Low Compression (Black) - Bollinger Bands inside outer Keltner Channels
Value 1: Mid Compression (Red) - Bollinger Bands inside middle Keltner Channels
Value 2: High Compression (Orange) - Bollinger Bands inside inner Keltner Channels
Value 3: Squeeze Fired (Green) - Bollinger Bands outside Keltner Channels
2. Momentum Analysis
Four distinct momentum conditions based on TTM Squeeze methodology:
Buy Momentum Increasing - Positive momentum growing stronger
Buy Momentum Decreasing - Positive momentum weakening
Sell Momentum Increasing - Negative momentum growing stronger
Sell Momentum Decreasing - Negative momentum weakening
3. EMA Stacking Analysis
Three EMA alignment patterns using 8, 21, and 48 period EMAs:
EMA Stacked Bullish - 8 EMA > 21 EMA > 48 EMA (uptrend alignment)
EMA Stacked Bearish - 8 EMA < 21 EMA < 48 EMA (downtrend alignment)
EMA Mixed - EMAs not in clear bullish or bearish alignment
4. Consecutive Day Counters
Tracks how many consecutive days each squeeze condition has persisted:
Low Compression Days
Mid Compression Days
High Compression Days
Squeeze Fired Days
5. Combined Signal Analysis
Pre-calculated combinations of squeeze conditions with momentum:
All squeeze levels combined with all four momentum conditions
16 total combined signals for advanced screening
Uptrick: Reversal Matrix +Overview
The Uptrick: Reversal Matrix + is designed as a comprehensive tool that organizes market information in a visually intuitive way. It presents a variety of signals and data points on the chart, aiming to provide clarity about potential reversals, directional momentum, and the broader context surrounding price behavior. By consolidating numerous indicators and statistics into a single interface, it serves as a versatile companion for different trading styles and time horizons.
Purpose
This indicator offers a multifunctional approach to market analysis. It seeks to help users gain a more holistic view of current conditions rather than focusing on isolated data points. Its primary goal is to guide traders toward recognizing evolving market structures, shifts in buying or selling pressure, and periods where price movement may exhibit stronger or weaker momentum. Because it is designed for adaptive use, it can cater to fast, intraday styles or more deliberate, long-term strategies, depending on how the user configures it.
Originality and Uniqueness
The Reversal Matrix + stands out by merging various categories of market data into cohesive visuals and tables. While many indicators offer singular signals or straightforward buy/sell prompts, this script integrates numerous underlying components and displays them in organized panels. Each piece of data, from volume characteristics to volatility states, is contextualized. This multi-layered approach helps traders see more than just a single dimension of the market. Whether one is exploring short-term breakouts, potential traps, or broader market regimes, the tool accommodates multiple perspectives within a single framework.
Inputs
1. Sensitivity.
This setting allows you to choose different levels based on how frequently you would like signals to appear. Selecting a higher sensitivity may capture faster changes but can produce a greater number of signals. More moderate or smoother settings can be preferable for users looking for less frequent but potentially clearer indications of shifts.
2. Trading Style.
This option adapts the tool to match conservative, normal, or more aggressive preferences. When choosing a conservative style, the script attempts to filter out smaller fluctuations, while the aggressive style might highlight more potential turning points as they emerge.
3. Potential Signal Threshold Difference
This setting adjusts the sensitivity of potential reversal signals. A lower value means the script will highlight only the most distinct setups, filtering out weaker or borderline scenarios. A higher value makes the tool more receptive to subtle shifts, potentially flagging more frequent signals. It allows users to fine-tune how responsive the script is to early momentum changes, depending on their preferred level of signal strictness.
4. Table Positions (Optional).
There are inputs that let you decide the on-chart position of the tables. You can enable or disable these tables and choose where they appear (for instance, top-right or bottom-left), depending on how you want the data displayed alongside price bars.
Table and Its Position
When enabled, a large table, known as the Full Metrics Table, offers extensive details about various technical and behavioral metrics. You can place it anywhere on your chart layout for convenience. It is designed to give you a granular view of current conditions without overwhelming the main price candles themselves.
Another, smaller panel known as the Final Verdict Table can also be displayed at a user-chosen position. This panel simplifies the script’s internal assessments into broader verdicts or summaries, allowing for a quick read on the market’s status.
Features
Multi-Faceted Signal and Alert System.
The indicator continuously scans market activity, highlighting events such as sudden rises or drops, changes in volatility, and shifts in momentum. Users can configure an array of alerts that instantly notify them of these occurrences, reducing the need to constantly monitor the chart.
Candle Overlays and Fading Effects .
In addition to standard chart candles, the script offers visual cues by shading or coloring candles differently when it detects certain signals. The fading mechanism gradually diminishes the bar color of older signals so that recent ones are more noticeable. This helps keep the focus on current opportunities while retaining a historical context.
Contextual Market Synopsis .
Each time a candle closes, the tool updates a variety of behind-the-scenes checks. This process helps the user see whether the market remains within the same general state (trending, ranging, or reversing) or is shifting rapidly. It also adds clarity when conditions may be transitioning between bullish and bearish inclinations.
Adaptable Settings for Different Styles .
Since traders differ in their tolerance for rapid fluctuations, the script’s adjustable Sensitivity and Trading Style inputs provide a way to fine-tune how it reacts. Someone trading on shorter timeframes can opt for more frequent signals that capture subtle changes, whereas a position trader might lean toward smoother outputs that highlight only stronger, more sustained conditions.
Extended Data Analysis .
Beyond immediate buy/sell possibilities, the Reversal Matrix+ delivers comprehensive data to help users confirm or question a market stance. A wide range of volume, volatility, and price action elements are factored in, giving each signal additional context rather than a simple green or red highlight.
Final Verdict Summaries .
When the second table is enabled, it condenses key aspects of the indicator’s internal logic into straightforward statements. Rather than navigating multiple data rows, you can check if the market appears more stable or volatile, potentially bullish or bearish, and whether a reversal probability is deemed high or low.
Large-Scale Alert Coverage .
More than fifty specialized alerts focus on distinct aspects, enabling users to track everything from volume anomalies to momentum acceleration.
Specialized Color Schemes .
To assist in quickly spotting bullish or bearish tendencies, candles and background components may be tinted in line with the latest recognized conditions. This visual reinforcement makes it easier to decide if ongoing signals confirm a previous stance or suggest a change.
Buy/Sell Signals
A core function of the script is to present buy and sell indications on the chart, identifying moments when price momentum may be shifting in a meaningful way. These signals come in two varieties: potential reversals and confirmed reversals. Potential reversals appear sooner, providing an early heads-up that market behavior could be turning. Confirmed reversals require a stronger confluence of underlying conditions, aiming to reduce the likelihood of false starts.
Internally, the script examines multiple facets—such as momentum flow, changes in volatility, and volume characteristics—to determine when a potential transition is noteworthy enough to highlight as a signal. As soon as those conditions line up, the script applies distinct markers or shapes to the candles, making it easy to spot these pivotal points on the chart. In addition, each new signal is emphasized through color-based candle shading, while older signals gradually fade to keep attention on the most relevant opportunities.
Although these signals can function as standalone cues, many traders pair them with the script’s other outputs—such as the Full Metrics Table, the Final Verdict Table, and specialized alerts—to form a more complete perspective. For instance, a potential buy signal spotted in real time may gain extra weight if certain metrics in the table reflect a constructive market backdrop. Meanwhile, the final verdict can offer a succinct confirmation or contradiction to what the buy or sell signal suggests. By combining these elements, traders can pursue strategies that balance both immediacy and context, tailoring their entries and exits to their own tolerance for risk and time horizon.
These features collectively allow users to explore the market from multiple angles. Whether one seeks a deeper technical dive or simpler guidance, the indicator’s layered design aims to cater to a broad spectrum of trading approaches.
Full Metrics Table
A key element of Uptrick: Reversal Matrix+ is the extensive set of data displayed within the Full Metrics Table. Below is an expanded explanation of the sixty-four core metrics. Each is accompanied by a brief statement about its practical significance.
Price
Displays current price.
Price Percent
Shows how much the price has shifted in percentage terms over a recent comparison point. Useful for gauging recent moves.
Vo Open
Presents price movement in relation to the candle’s open. Helps traders see if momentum favored bullish or bearish direction within the candle.
Range Percent
Depicts the span between high and low over the candle’s range, offering a measure of volatility within that candle.
Bodi Percent
Indicates how much of the candle is body as opposed to wick. Shows whether there was more decisive movement or more back-and-forth trading.
Volatility
Generically measures how dramatically price has been fluctuating over a given period. Helps users notice if the market is calm or very active.
Mpeed
Represents a sense of speed in price movement, potentially revealing if momentum is picking up or slowing down.
Accel
Points to how quickly price movement shifts from one level of speed to another. Can hint at a market that is accelerating or flattening out.
Volume
Reflects how many shares, contracts, or units are traded within the current bar. Higher volume may suggest stronger conviction.
Vol Percent
Shows how the volume compares, in percentage, to a previous period’s volume. Useful for spotting surges or drops in trading activity.
Mession Hi
Captures the highest point within a recent observed period or session. Often watched for potential breakout or reversal clues.
Mession Lo
Captures the lowest point within a recent observed period or session. Similarly, used to watch for support or breakdowns.
Pos Percent
Indicates how far the current price stands within its range. Being near the upper percentile suggests strength or an overbought scenario, depending on the viewpoint.
Mpread
Offers a sense of the overall spread in price action, which can reflect the determination of buyers or sellers within a candle.
Gap
Shows the difference in price from a prior close or from some previous reference point. Helps identify abrupt shifts in sentiment.
Conf. (Core)
Presents a general level of signal confidence based on internal checks. Assists in quickly scanning for whether a candle is aligned with broader market patterns.
Availability
Describes liquidity conditions, such as whether the market seems actively traded or comparatively thinner.
Conf. Bias
Highlights if price and momentum appear to confirm a prevailing direction, or if there is a noticeable lack of such alignment.
Valuation
Suggests how current price compares to an internal yardstick of fair or undervalued settings. Useful for spotting potential discount or premium zones.
Reversal
Warns about the possibility that price may turn from its recent direction. Intriguing for those who look for turning points at the end of trends.
Vol. Mtate
Indicates whether conditions are characterized by subdued or elevated swings. A higher reading may signal that caution is warranted.
Direction
Reflects a bullish or bearish inclination based on internal data. Provides a simplified way to see whether momentum is leaning up or down.
Vol. Clarity
Measures the clarity of volume movement, potentially detecting spikes or plateaus that can confirm or contradict price action.
Mtructure
Offers insight into how recent highs and lows are forming. A market that keeps printing higher highs and lows might suggest ongoing upward momentum.
Reaction
Shows how quickly the market responds to new information. Speedy changes may indicate more emotionally driven or news-influenced trading.
Trend Conf.
Suggests the tool’s assessment of how solid or fragile a given direction is. Useful for quickly seeing if a trend might persist.
Zone
Labels whether price is running near top or bottom levels of a selected range, helping identify if a market is pushing extremes.
Ehhaustion
Reveals if a move might be overextended and could retrace. Helpful in deciding whether to take profits or wait for a deeper confirmation.
Range Env
Describes whether the market is operating in a tight or wide range. Can help in choosing strategies like breakout or range-bound approaches.
Demand
Reports on whether buying demand or selling supply is more dominant in the current period. Assists in gauging short-term pressure.
Conf. Level
Provides an additional notion of how firm a signal might be. It may be labeled as early or fully formed, helping with timing considerations.
Momentum
Conveys whether price is accelerating upward, decelerating, or shifting into a more neutral gear.
Higher Close Percent
Indicates the frequency of consecutive higher closes over recent bars. Demonstrates if a market is consistently pushing upward.
Bear Trap
Points to scenarios where sellers could be caught off guard if the market reverses after a seemingly bearish move.
Bull Trap
Opposite of the above, hinting that buyers may be misled if price fails to hold after a seemingly bullish shift.
Vol Mqueeze
Identifies periods where volume and volatility might be compressing. Often used by traders to anticipate a potential abrupt expansion in movement.
Divergence
Suggests a mismatch between price and internal momentum signals. May foretell a hidden reversal or shift in direction.
Hist. Vol
Provides a longer-term viewpoint of how volatility stands in the broader scope, enabling comparison between current choppiness and previous norms.
Velocity
Tracks the overall vigor of price movement. A high velocity can mean powerful directional drive.
Wick Ratio
Analyzes the presence of upper or lower wicks and can suggest whether buying or selling tails are dominant within each bar.
Decision Bias
Indicates how the script perceives near-term market consensus. A strong bias may reveal one side’s momentum more clearly.
Break Chance
Hints at whether a local high or low has a fair possibility of being broken, which can be relevant to breakout-style trading.
Trend Mlope
Observes the slope of the ongoing trend, showing whether price is inclining, declining, or moving sideways over a specified window.
Trend Dir
Concisely states if that slope leans upward or downward. Useful for determining basic directional posture at a glance.
Regime
Groups the market environment into stable bullish, stable bearish, or a more unsettled pattern, helping shape strategic decisions.
Price Comparison
Shows whether price is trading above or below certain historical or moving references. Provides a broad sense of market posture.
Vol Mhift
Highlights any general upswing or downswing in traded volume, indicating whether participants are stepping in or scaling back.
Mtructural Balance
Offers an overview of whether the chart bars show more wick dominance or more body dominance. Helps in reading subtle shifts in power.
Flow Mtability
Portrays how orderly or choppy the price movement is. Less stable flow can lead to more frequent reversals or whipsaws.
Liquidity Pull
Shows the extent to which trading activity may be magnetizing price, helping gauge if there is substantial interest at certain zones.
Bar Mhape
Describes the candle’s shape, such as longer upper or lower tails, which can point to rejections or confirmations of direction.
Bui/Mell Rating
Reveals which side holds greater influence at a glance. Might display more leaning to buy strength or to sell pressure.
Range Vol Flow
Monitors the interplay between how wide the range is and how volume is behaving. If both are expanding, more powerful swings may follow.
Hiper Move
Spots especially strong or sudden moves. Could be a swift jump up or down, prompting attention to volatility management.
Candle Force
Indicates how forceful a candle’s close is compared to its full range. Strong force bars often underscore decisive momentum.
Hi/Lo Tag
Alerts you to newly formed session extremes, helping confirm if recent highs or lows are significant.
Price Action
Labels the candle as leaning bullish, leaning bearish, or neutral, providing a concise understanding of the immediate tone.
Vol Abnorm
Distinguishes between typical volume and unusually high volume that might signal institutional trading or news releases.
Trend Match
Checks if short-term direction is aligned with a broader trend. Clear alignment can strengthen confidence in that direction.
Move Confirm
Conveys whether the tool sees a price movement as already established or still in a formative state.
Momentum Focus
Gives a quick snapshot of whether price momentum is generally tilting higher, lower, or holding steady.
Vol Total
Presents a broad average or accumulated sense of volume over a longer window, providing context for current activity.
Hist. Accum
Positions price within a more extended historical range, allowing one to see if the asset is near major peaks or troughs.
Trap Bias
Informs if the market may be showing conditions that lead to bull traps or bear traps, cautioning traders who chase rapid moves.
Final Verdict Table
The secondary table, known as the Final Verdict Table, condenses the tool’s main findings into concise statements. It watches for patterns such as alignment of trends, clarity of momentum, perceived volatility conditions, and possible reversals. Depending on what the script observes, the table might suggest a bullish confluence, a bearish confluence, an unstable market environment, or a more neutral outlook. This feature is particularly helpful for traders who prefer quick insights over a detailed breakdown of every metric.
Metrics Included in the Final Verdict Table
Directional Momentum Flow
This entry shows how the indicator interprets short-term momentum for the current market. If momentum appears to be gaining strength in one direction, it may indicate that buyers or sellers have a slight edge, whereas a flat reading might suggest indecision.
Volatility Regime Assessment
This metric provides insight into whether the market is relatively calm, moderate, or experiencing elevated volatility. A calmer volatility state might favor steadier strategies, while higher volatility could signal the potential for wider price swings.
Trend Continuity Confidence
This section reflects how confident the tool is in the market’s current trend. It helps traders see whether recent action supports a persistent uptrend, downtrend, or if there is ambiguity that undermines the idea of a consistent directional movement.
Reversal Probability Index
Here, the table evaluates whether conditions are conducive to a market turnaround. If the script observes signs of exhaustion or conflict in momentum, it may suggest an increased possibility of the price switching direction.
Manipulation Detector
This component looks for signals that the market may be attempting to trap buyers or sellers. For instance, a sudden shift might hint at a bull or bear trap scenario. This readout serves to caution against seemingly obvious moves that could quickly reverse.
Final Verdict
Below these metrics, the table presents a single overall statement that integrates the above factors. This final verdict can range from identifying a bullish or bearish confluence to calling the market unstable or neutral if conditions are inconclusive. It is intended to be a quick, high-level summary of the script’s general stance on the market.
Any Other Features
Users can access more than fifty specialized alerts that target different market conditions, from potential trap scenarios to shifts in volatility regimes. These alerts can be integrated into various platforms, ensuring that traders receive immediate notifications when critical triggers occur. The color-coded candle approach, combined with fading effects, helps maintain chart readability. Over time, this setup encourages a balance between a detailed backdrop of market data and a clear depiction of fresh signals.
Why More than One Indicator
Integrating multiple components under one roof offers several advantages. It reduces the chance of relying on a single dimension, such as price action alone, which can sometimes mislead or generate frequent false signals. By combining various measures of volatility, volume, and price structure, the script can reveal confluences or disagreements among different elements. This multi-faceted approach can improve clarity, making it easier to decide when conditions line up favorably or when they conflict, thereby prompting caution.
Conclusion
In summary, the Uptrick: Reversal Matrix + aims to deliver a sweeping overview of market dynamics. It guides users from raw observations—like price and volume—to broader insights concerning trend stability, potential reversals, and overall liquidity. Its dual-table system allows for both fine-grained analysis and fast verdicts, catering to traders with varying degrees of time and attention. The numerous alerts and color coding schemes further round out its capacity for real-time monitoring and visually clear signal presentation.
Disclaimer
Trading involves inherent risks, and no tool can entirely eliminate uncertainty. This indicator’s materials are provided for informational purposes, without guarantees regarding future performance. Traders should exercise due diligence, apply sound risk management, and consider professional advice. The Uptrick: Reversal Matrix+ does not assume responsibility for financial decisions made based on its output.
Uptrick: Oscillator SpectrumUptrick: Oscillator Spectrum is a versatile trading tool designed to bring together multiple aspects of technical analysis—oscillators, momentum signals, divergence checks, correlation insights, and more—into one script. It includes customizable overlays and alert conditions intended to address a wide range of market conditions and trading styles.
Developed in Pine Script™, Uptrick: Oscillator Spectrum represents an extended version of the classic Ultimate Oscillator concept. It consolidates short-, medium-, and long-term momentum readings, applies correlation analysis across different symbols, and offers optional table-based metrics to provide traders with a more structured overview of potential trade setups. Whether used alongside your existing charts or as a standalone toolkit, it aims to build on and enhance the functionality of the standard Ultimate Oscillator.
### A Few Key Features
- Momentum Insights: Multiple timeframes for oscillators, plus buy/sell signal modes for flexible identification of overbought/oversold situations or crossovers.
- Divergence Detection: Automated checks for bullish/bearish divergences, aiming to help traders spot potential shifts in momentum.
- Correlation Meter: A visual histogram summarizing how selected assets are collectively trending. It is useful for tracking the bigger market picture.
- Gradient Overlays & Bar Coloring: Dynamic color transitions designed to emphasize changes in momentum, trend shifts, and overall sentiment without cluttering the chart.
- Money Flow Tracker: Tracks the flow of money into and out of the market using a smoothed Money Flow Index (MFI). Highlights overbought/oversold conditions with dynamic bar coloring and visual gradient fills, helping traders assess volume-driven sentiment shifts.
- Advanced Table Metrics: An optional table showing return on investment (ROI), collateral risk, and other contextual metrics for supported assets.
- Alerts & Automation: Configurable alerts covering divergence events, crossing of critical levels, and more, helping to keep traders informed of developments in real time.
### Intended Usage
- For Multiple Markets: Works on various markets (cryptocurrencies, forex pairs, stocks) to deliver a consistent view of momentum, potential entry/exit signals, and correlation.
- Adaptable Trading Styles: With customizable input settings, you can enable or disable specific features to align with your preferred strategies—intraday scalping, swing trading, or position holding.
By combining these elements under one indicator, Uptrick: Oscillator Spectrum allows traders to streamline analysis workflows, helping them stay focused on interpreting market moves and making informed decisions rather than juggling multiple scripts.
Purpose
Purpose of the “Uptrick: Oscillator Spectrum” Indicator
The “Uptrick: Oscillator Spectrum” indicator is intended to bring together several technical analysis elements into one tool. It combines oscillator-based momentum readings across different lookback periods, checks for potential divergences, provides optional buy/sell signal triggers, and offers correlation-based insights across multiple symbols. Additionally, it includes features such as bar coloring, gradient visualization, and user-configurable alerts to help highlight various market conditions.
By consolidating these functions, the script aims to help users systematically observe changing momentum, identify when prices reach user-defined overbought or oversold levels, detect when oscillator movements diverge from price, and examine whether different assets are aligning or diverging in their trends. The indicator also allows for optional advanced metric tables, which can supply further context on risk, ROI calculations, or other factors for supported assets. Overall, the script’s purpose is to organize multiple layers of technical analysis so that users have a structured way to evaluate potential trade opportunities and market behavior.
## Usage Guide
Below is an outline of how you can utilize the various components and features of Uptrick: Oscillator Spectrum in your charting workflow.
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### 1. Using the Core Oscillator
- Basic View: By default, the script calculates a multi-timeframe oscillator (commonly displayed as the “Ultimate Oscillator”). This oscillator combines short-, medium-, and long-term measurements of buying pressure and true range.
- Overbought/Oversold Zones: You can configure thresholds (e.g., 70 for overbought, 30 for oversold) to help identify potential turning points. When the oscillator crosses these levels, it may indicate that price is extended in one direction.
- You can use the colors of the main oscillator to help you take short-term trades as well: cyan : Buy , red: Sell
- Alerts: If you enable alerts, the indicator can notify you when the oscillator crosses above or below your chosen overbought/oversold boundaries or when you get buy/sell signals.
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### 2. Buy/Sell Signals in Overlay Modes
Uptrick: Oscillator Spectrum provides several signal modes and a choice between overlay true and overlay false or both. Additionally, you can pick which “line” (data source) the script uses to generate signals. This is set in the “Line to Analyze” dropdown, which includes Oscillator, HMA of Oscillator, and Moving Average. The following sections describe how each piece fits together.
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#### Line to Analyze - Overlay Flase: Oscillator / HMA of Oscillator / Moving Average
1. Oscillator
- The core momentum reading, reflecting short-, medium-, and long-term periods combined.
2. HMA of Oscillator
- Applies a Hull Moving Average to the oscillator, creating a smoother but still responsive curve.
- Signals will be derived from this smoothed line. Some traders find it filters out minor fluctuations while remaining quicker to react than standard averages.
3. Moving Average
- Uses a user-selected MA type (SMA, EMA, WMA, etc.) over the oscillator values, rather than the raw oscillator itself.
- Tends to be more stable than the raw oscillator, but might delay signals more depending on the chosen MA settings.
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#### Signal Modes
Regardless of which line you choose to analyze, you can use one of the following seven signal modes in overlay being true:
1. Overbought/Oversold (Pyramiding)
- What It Does:
- Buy signal when the chosen line crosses below the oversold threshold.
- Sell signal when it crosses above the overbought threshold.
- Pyramiding:
- Allows multiple triggers within the same overbought/oversold event.
2. Overbought/Oversold (Non Pyramiding)
- What It Does:
- Same thresholds but only one signal per oversold or overbought event.
- Use Case:
- Prevents repeated signals and chart clutter.
3. Smoothed MA Middle Crossover
- What It Does:
- Uses an MA defined by the user.
- Buy when crossing above the midpoint (50), Sell when crossing below.
- Use Case:
- Generates fewer signals, focusing on broader momentum shifts. There is no pyramiding.
In this image ,for example, the VWMA is used with length of 14 to identify buy sell signals.
4. Crossing Above Overbought/Below Oversold (Non Pyramiding)
- What It Does:
- Buy occurs if the line exits oversold territory by crossing back above it.
- Sell occurs if the line exits overbought territory by crossing back below it.
- Non Pyramiding:
- Restricts repeated signals until conditions reset.
5. Crossing Above Overbought/Below Oversold (Pyramiding)
- What It Does:
- Same thresholds, but allows multiple signals if the line repeatedly dips in and out of overbought or oversold.
- Use Case:
- More frequent entries/exits for active traders.
6. Divergence (Non Pyramiding)
- What It Does:
- Identifies bullish or bearish divergences using the chosen line vs. price.
- Buy for bullish divergence (higher low on the line vs. lower low on price), Sell for bearish divergence.
- Single Trigger:
- Only one signal per identified divergence event. (non pyramiding)
7. Divergence (Pyramiding)
- What It Does:
- Same divergence logic but triggers multiple times if the script sees repeated divergence in the same direction.
- Use Case:
- Could suit traders who layer positions during sustained divergence scenarios.
#### Overlay Modes: True vs. False
1. Overlay True
- Buy/sell arrows or labels plot directly on the main price chart, often at or near candlesticks.
- Bar Coloring:
- Can turn the candlestick bars green (buy) or red (sell), with intensity reflecting signal recency if bar coloring is enabled for this mode. (read below.)
- Advantage:
- Everything (price, signals, bar colors) is in one spot, making it straightforward to associate signals with current market action. You can adjust the periods of the main oscillator or lookback periods of divergences or overbought/oversold thresholds, to play around with your signals.
2. Overlay False
- Signal Placement:
- Signals appear in a sub-window or oscillator panel, leaving the main price chart uncluttered.
- Bar Coloring:
- You may still enable bar colors on the main chart (green for buy, red for sell) if desired.
- Alternatively, you can keep them neutral if you prefer a completely separate display of signals.
- Advantage:
- Clear separation of price action from signals, useful for cleaner charts or if using multiple overlay-based tools.
At the bottom are the signals for overlay being false and on the chart are the signals for overlay being true:
#### Bar Color Adjustments
1. Coloring Logic
- Bars typically go green on buy signals, red on sell signals.
- The opacity or brightness can vary to indicate signal freshness. When a new signal is formed, the color gets brighter. When there is no signal for a longer period of time, then the color slowly fades.
2. Enabling Bar Coloring
- In the indicator’s settings, turn on Bar Coloring.
- Choose “Signals Overlay True” or “Signals Overlay False” from the “Color should depend on:” dropdown, depending on which overlay approach you want to drive your bar colors. You can also chose the cloud fill in overlay false, correlation meter and smoothed HMA to color bars. Read more below:
### Bar Color Options:
When you enable bar coloring in Uptrick: Oscillator Spectrum, you can select which component or signal logic drives the color changes. Below are the five available choices:
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#### Option 1: Overlay True Signals
- What It Does:
- Uses signals generated under the Overlay True mode to color the bars on your main chart.
- If a buy signal is triggered, bars turn green. If a sell signal occurs, bars turn red.
- Color Intensity:
- Bars appear brighter (more opaque) immediately after a new signal fires, then gradually fade over subsequent bars if no new signal appears.
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#### Option 2: Overlay False Signals
- What It Does:
- Links bar coloring to signals generated when Overlay False mode is active.
- Buy/sell labels typically plot in a separate sub-window instead of the main chart, but your price bars can still change color based on these signals.
- Color Intensity:
- Similar to Overlay True, new buy/sell signals yield stronger color intensity, which fades over time.
- Use Case:
- Helps maintain a clean main chart (with signals off-chart) while still providing an immediate color-coded indication of a buy or sell state.
- Particularly useful if you prefer less clutter from signal markers on your price chart yet still want a visual representation of signal timing.
In this example normal divergence Pyramiding Signals are used in the overlay being true and the signals in overlay false are signals that analyze the HMA. This can help clear out noise (using a combo of both).
Option 3: Money Flow Tracker
What It Does:
The Money Flow Tracker uses the Money Flow Index (MFI), a volume-weighted oscillator, to measure the strength of money flowing into or out of an asset. The script smooths the raw MFI data using an EMA for a more responsive and visually intuitive output.
The feature also includes dynamic color gradients and bar coloring that highlight whether money flow is positive or negative.
Green Fill/Bar Color: Indicates positive money flow, suggesting potential accumulation.
Red Fill/Bar Color: Indicates negative money flow, signaling potential distribution.
Overbought and oversold thresholds are dynamically emphasized with transparency, making it easier to identify high-confidence zones.
Use Case:
Ideal for traders focusing on volume-driven sentiment to identify turning points or confirm existing trends.
Suitable for assessing broader market conditions when used alongside other indicators like oscillators or correlation analysis.
Provides additional clarity in spotting areas of accumulation or distribution, making it a valuable complement to price action and momentum studies.
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#### Option 4: Correlation Meter
- What It Does:
- Colors the bars based on the indicator’s Correlation Meter output. The script checks multiple chosen tickers and sums up how many are trending positively or negatively.
- If the meter indicates an overall bullish bias (e.g., more than three assets in uptrend), bars turn green; if it’s bearish, bars turn red.
- Trend Readings:
- The correlation meter typically plots a histogram of bullish/neutral/bearish states. The bar color option links your chart’s candlestick coloring to that higher-level market sentiment.
- Use Case:
- Useful for traders wanting a quick visual prompt of whether the broader market (or a selection of related assets) is bullish or bearish at any given time.
- Helps avoid signals that conflict with the market majority.
#### Option 5: Smoothed HMA
- What It Does:
- Bar colors are driven by the slope or state of the Hull Moving Average (HMA) of the oscillator, rather than individual buy/sell triggers or correlation data.
- If the HMA indicates a strong upward slope (possibly darkening), bars may turn green; if the slope is downward (purple in the HMA line), bars turn red.
- Use Case:
- Ideal for those who focus on momentum continuity rather than discrete signals like overbought/oversold or divergence.
- May help identify smoother, more sustained moves, as the HMA filters out minor oscillations.
---
### 3. Using the Hull Moving Average (HMA) of the Oscillator
- HMA Calculation: You can enable a dedicated Hull Moving Average (HMA) for the oscillator. This creates a smoother line of the same underlying momentum reading, typically responding more quickly than classic moving averages.
- Color Intensity: As the HMA sustains an uptrend or downtrend, the script can adjust the line’s color. When slope momentum persists in one direction, the color appears more opaque. This intensification can hint that the existing direction may be well-established.
- Reversal Potential: If you observe the HMA color shifting or darkening after multiple bars of slope in the same direction, it may indicate increasing momentum. Conversely, a sudden flattening or change in color can be a clue that momentum is waning.
---
### 4. Moving Average Overlays & Gradient Cloud
- Oscillator MA: The script allows you to apply moving average types (SMA, EMA, SMMA, WMA, or VWMA) to the core oscillator, rather than to price. This can smooth out noise in the oscillator, potentially highlighting more consistent momentum shifts.
- Gradient Cloud: You can also enable a cloud in overlay true between two moving averages (for instance, a Hull MA and a Double EMA) on the price chart. The cloud fills with different colors, depending on which MA is above the other. This can provide a quick visual reference to bullish or bearish areas.
---
### 5. Divergence Detection
- Bullish & Bearish Divergence: By toggling “Calculate Divergence,” the script looks for oscillator pivots that contrast with price pivots (e.g., price making a lower low while the oscillator makes a higher low).
- A divergence is when the price makes an opposite pivot to the indicator value. E.g. Price makes lower low but indicator does higher low - This suggests a bullish divergence. THe opposite is for a bearish divergence.
- Visual Labels: When a divergence is found, labels (such as “Bull” or “Bear”) appear on the oscillator. This helps you see if the oscillator’s momentum patterns differ from the price movement.
- Filtering Signals: You can combine divergence signals with other features like overbought/oversold or the HMA slope to refine potential entries or exits.
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### 6. Correlation & Multi-Ticker Analysis
- Correlation Meter: You can select up to five tickers in the settings. The script calculates a slope-based metric for each, then combines those metrics to show an overall bullish or bearish tendency (displayed as a histogram).
- Bar Coloring & Overlay: If you activate correlation-based bar coloring, it will reflect the broader trend alignment among the selected assets, potentially indicating when most are trending in the same direction.
- Use Case: If you trade multiple markets, the correlation histogram can help you quickly see if several major assets support the same market bias or are diverging from one another.
—
### 7. Money Flow Tracker
Money Flow Calculation: The Money Flow Tracker calculates the Money Flow Index (MFI) based on price and volume data, factoring in buying pressure and selling pressure. The output is smoothed using a low-lag EMA to reduce noise and enhance usability.
Visual Features:
Dynamic Gradient Fill:
The space between the smoothed MFI line and the midline (set at 50) is filled with a gradient.
Above 50: Green gradient, with intensity increasing as the MFI moves further above the midline.
Below 50: Red gradient, with intensity increasing as the MFI moves further below the midline.
This gradient provides a clear visual representation of money flow strength and direction, making it easier to assess sentiment shifts at a glance.
Overbought/Oversold Levels: Default thresholds are set at 70 (overbought) and 30 (oversold). When the MFI crosses these levels, it signals potential reversals or trend continuations.
Bar Coloring:
Bars turn green for positive money flow and red for negative money flow.
Color intensity fades over time, ensuring recent signals stand out while older ones remain visible without dominating the chart.
Alerts:
Alerts are triggered when the Money Flow Tracker crosses into overbought or oversold zones, keeping traders informed of critical conditions without constant monitoring.
Practical Applications:
Trend Confirmation: Use the Money Flow Tracker alongside the oscillator or HMA to confirm trends or identify potential reversals.
Volume-Based Reversal Signals: Spot turning points where price action aligns with shifts in money flow direction.
Sentiment Analysis: Gauge whether market participants are accumulating (positive flow) or distributing (negative flow) assets, offering an additional layer of insight into price movement.
(Space for an example chart: “Money Flow Tracker with gradient fills and overbought/oversold levels”)
### 8. Putting It All Together
- Combining Signals: A practical approach might be to watch for a bullish divergence in the oscillator, confirm it with a shift in the HMA slope color, and then wait for the price to be near or below oversold conditions. The correlation histogram may further confirm if the broader market is also leaning bullish at that time.
- Visual Cues: Bar coloring adds another layer, making your chart easier to interpret at a glance. You can also set alerts to ensure you don’t miss key events like divergences, crossovers, or moving average flips.
- Flexibility: Not every feature needs to be used simultaneously. You might opt to focus on divergences and overbought/oversold signals, or you could emphasize the correlation histogram and bar colors. The settings let you enable or disable each module to suit your style.
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### 9. Tips for Customization
- Adjust Periods: Shorter periods can yield more signals but also more noise. Longer periods may provide steadier, but fewer, signals.
- Set Appropriate Alert Conditions: Only alert on events most relevant to your strategy to avoid overload.
- Explore Different MAs: Depending on the instrument, some moving average types may give a smoother or more responsive indication.
- Monitor Risk Management: As with any tool, these signals do not guarantee performance, so consider position sizing and stop-loss strategies.
---
By toggling and experimenting with the features described above—buy/sell signals, divergences, moving averages, dynamic gradient clouds, and correlation analysis—you can tailor Uptrick: Oscillator Spectrum to your specific trading approach. Each module is designed to give you a clearer, structured view of potential momentum shifts, overbought or oversold states, and the alignment or divergence of multiple assets.
## Features Explanation
Below is a detailed overview of key features in Uptrick: Oscillator Spectrum. Each component is designed to provide different angles of market analysis, allowing you to customize the tool to your preferences.
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### 1. Main Oscillator
- Purpose: The primary oscillator in this script merges short-, medium-, and long-term views of buying pressure and true range into a single line.
- Calculation: It weights each period’s contribution (e.g., a heavier focus on the short period if desired) and normalizes the result on a 0–100 scale, where higher readings may suggest more robust momentum. (like from the classic Ultimate Oscillator)
- Practical Use:
- Traders can watch for overbought/oversold conditions at user-defined thresholds (e.g., 70/30).
- It can also provide a straightforward momentum reading for those who prefer to see if momentum is rising, falling, or leveling off.
---
### 2. HMA of the Smoothed Oscillator
- What It Is: A Hull Moving Average (HMA) applied to the main oscillator values. The HMA is often more responsive than standard MAs, offering smoother lines while preserving relatively quick reaction to changes.
- How It Works:
- The script takes the oscillator’s output and processes it through a Hull MA calculation.
- The HMA’s slope and color can change more dynamically, highlighting sharper momentum shifts.
- Why It’s Useful:
- By smoothing out minor fluctuations, the HMA can highlight trends in the oscillator’s trajectory.
- If you see an extended run in the HMA slope, it may indicate a more persistent trend in momentum.
- Color Intensity:
- As the HMA continues in one direction for several bars, the script can intensify the color, signaling stronger or more sustained momentum in that direction.
- Sudden changes in color or slope can signal the start of a new momentum swing.
---
### 3. Gradient Fill
This script uses two gradient-based visual elements:
1. Shining/Layered Gradient on the Main Oscillator
- Purpose: Adds multiple layers around the oscillator line (above and below) to emphasize slope changes and highlight how quickly the oscillator is moving up or down.
- Color Changes:
- When the oscillator rises, it uses a color scheme (e.g., aqua/blue) that intensifies as the slope grows.
- When the oscillator declines, it uses a distinct color (e.g., red/pink).
- User Benefit: Makes it easier to see at a glance if momentum is accelerating or decelerating, beyond just the numerical reading.
2. Dynamic Cloud Fill (Between MAs)
- Purpose: Allows you to plot two moving averages (for example, a short-term Hull MA and a longer-term DEMA) and fill the area between them with a color gradient.
- Bullish vs. Bearish:
- When the short MA is above the long MA, the cloud might appear in a greenish hue.
- When the short MA is below the long MA, the cloud can switch to red or another color.
- Transparency/Intensity:
- The fill can get more opaque if the difference between the two MAs is large, indicating a stronger trend but a higher probability of a reversal.
- User Benefit: Helps visualize changes in trend or momentum across multiple time horizons, all within a single chart overlay.
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### 4. Correlation Meter & Symbol Inputs
- What It Is: This feature looks at multiple user-selected symbols (e.g., BTC, ETH, BNB, etc.) and computes each symbol’s short-term slope. It then aggregates these slopes into an overall “trend” score.
- Inputs Configuration:
1. Ticker Inputs: You can specify up to five different tickers.
2. Timeframe: Decide whether to pull data from different chart timeframes for each symbol.
3. Slope Calculation: The script may compute, for instance, a 5-period SMA minus a 20-period SMA to gauge if each symbol is trending up or down.
- Market Trend Histogram:
- Displays a column that goes above/below zero depending on how many symbols are bullish or bearish.
- If more than three (out of five) symbols are bullish, the histogram can show a green bar at +1; if fewer than three are bullish, it can show red at –1.
- How to Use:
- Quick Glance: Lets you know if most correlated assets are aligning or diverging.
- Bar Coloring (Optional): If enabled, your main chart’s bars can reflect the aggregated correlation, turning green or red depending on the meter’s reading.
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### 5. Advanced Metrics Table
- What It Is: An optional table displaying additional metrics for several cryptocurrencies (or any symbols you define).
- Metrics Included:
1. ROI (30D): Calculates return relative to the lowest price in a 30-day period.
2. Collateral Risk: Uses standard deviation to assess volatility (higher risk if standard deviation is large).
3. Liquidity Recovery: A rolling average of volume, aiming to show how liquidity flows might recover over time.
4. Weakening (Rate of Change): Reflects how quickly price is changing compared to previous bars.
5. Monetary Bias (SMA): A simple average of recent prices. If price is below this SMA, it might be seen as undervalued relative to the short term.
6. Risk Phase: Categorizes risk as low, medium, or high based on the standard deviation figure.
7. DCA Signal: Suggests “Accumulate” or “Do Not Accumulate” by checking if the current price is below or above the SMA.
- Why It’s Useful:
- Offers a concise view of multiple assets in one place—helpful for portfolio-level insight.
- DCA (Dollar-Cost Averaging) suggestions can guide longer-term strategies, while volatility (collateral risk) helps gauge how aggressive the price swings might be.
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### 6. Other Vital Aspects
- Alerts & Notifications:
- The script can trigger alerts for various conditions—crossovers, divergence detections, overbought/oversold transitions, or correlation-based signals.
- Useful for automating watchlists or ensuring you don’t miss a key setup while away from the screen.
- Customization:
- Each module (oscillator settings, divergence detection, correlation meter, advanced metrics table, etc.) can be enabled or disabled based on your preferences.
- You can fine-tune parameters (e.g., periods, smoothing lengths, alert triggers) to align the indicator with different trading styles—scalping, swing, or position trading.
- Combining Features:
- One might watch the main oscillator for momentum extremes, confirm via the HMA slope, check if correlation supports the same bias, and look at the table for risk-phase validation.
- This multi-layer approach can help develop a more structured and informed trading view.
(Space for an example chart: “A fully configured layout showing oscillator, HMA, gradient cloud, correlation meter, and table all in use.”)
7. Money Flow Tracker
Purpose: The Money Flow Tracker adds a volume-based perspective to the indicator suite by incorporating the Money Flow Index (MFI), which assesses buying and selling pressure over a defined period. By smoothing the MFI using an exponential moving average (EMA), the feature highlights the directional flow of capital into and out of the market with greater clarity and reduced noise.
Dynamic Gradient Visualization:
The Money Flow Tracker enhances visual analysis with gradient fills that reflect the MFI’s relationship to the midline (50).
Above 50: A green gradient emerges, intensifying as the MFI moves higher, indicating stronger positive money flow.
Below 50: A red gradient appears, with deeper shades signifying increasing selling pressure.
Transparency dynamically adjusts based on the MFI’s proximity to the midline, making high-confidence zones (closer to 0 or 100) visually distinct.
Directional Sensitivity:
The Tracker emphasizes the importance of overbought (above 70) and oversold (below 30) zones. These thresholds help traders identify when an asset might be overextended, signaling potential reversals or trend continuations.
The inclusion of a midline (50) as a neutral zone helps gauge shifts between accumulation (money flowing in) and distribution (money flowing out).
Bar Integration:
By enabling bar coloring linked to the Money Flow Tracker, traders can visualize its impact directly on price bars.
Green bars reflect positive money flow (above 50), signaling bullish conditions.
Red bars indicate negative money flow (below 50), highlighting bearish sentiment.
Intensity adjustments ensure that recent signals are more visually prominent, while older signals gradually fade for a clean, non-cluttered chart.
Key Advantages:
Volume-Informed Context: Traditional oscillators often focus solely on price; the Money Flow Tracker incorporates volume, adding a crucial dimension for analyzing market behavior.
Adaptive Filtering: The EMA-smoothing feature ensures that sudden, insignificant spikes in volume don’t trigger false signals, providing a clearer and more actionable representation of money flow trends.
Early Warning System: Divergences between price movement and the Money Flow Tracker’s trends can signal potential turning points, helping traders anticipate reversals before they occur.
Practical Use Cases:
Trend Confirmation: Pair the Money Flow Tracker with the oscillator or HMA to confirm bullish or bearish trends. For example, a rising oscillator with positive money flow indicates strong buying interest.
Identifying Entry/Exit Zones: Use overbought/oversold conditions as entry/exit points, particularly when combined with other features like divergence detection.
Market Sentiment Analysis: The Tracker’s ability to dynamically assess buying and selling pressure provides a clear picture of market sentiment, helping traders adjust their strategies to align with broader trends.
By understanding these features—main oscillator readings, the HMA’s smoothing capabilities, gradient-based visual highlights, correlation insights, advanced metrics, and the money flow tracker—you can tailor Uptrick: Oscillator Spectrum to your specific needs, whether you’re focusing on quick trades, longer-term market moves, or broad portfolio health.
Originality of the “Uptrick: Oscillator Spectrum” Indicator
While it includes elements of standard momentum analysis, Uptrick: Oscillator Spectrum sets itself apart by adding an array of features that broaden the typical oscillator’s scope:
1. Slope Coloring & Layered Gradient Effects
- Beyond just plotting a single line, the indicator visually highlights momentum shifts using color changes and gradient fills.
- As the oscillator’s slope becomes steeper or flatter, these gradients intensify or fade, helping users see at a glance when momentum is accelerating, slowing, or reversing.
2. Mean Reversion & Divergence Detection
- The script offers optional logic for marking potential mean reversion points (e.g., overbought/oversold crossovers) and flagging divergences between price and the oscillator line.
- These divergence signals come with adjustable lookback parameters, giving traders control over how recent or extended the pivots should be for detection.
- This functionality can reveal subtle momentum discrepancies that a basic oscillator might overlook.
3. Integrated Multi-Asset Correlation Meter
- In addition to monitoring a single symbol, the indicator can fetch data for multiple tickers. It aggregates each symbol’s slope into a histogram showing whether the broader market (or a group of assets) leans bullish or bearish.
- This cross-market insight moves beyond standard “one-symbol, one-oscillator” usage, adding a bigger-picture perspective in one tool.
4. Advanced Metrics Table
- Users can enable a table that covers ROI calculations, volatility-based risk (“Collateral Risk”), liquidity checks, DCA signals, and more.
- Rather than just seeing an oscillator value, traders can view additional metrics for selected assets in one place, helping them judge overall market conditions or assess multiple instruments simultaneously.
5. Flexible Overlay & Bar Coloring
- Signals can be displayed directly on the price chart (Overlay True) or in a sub-window (Overlay False).
- Bars themselves may change color (e.g., green for bullish or red for bearish) according to different rules—signals, dynamic cloud fill, correlation meter states, etc.
- This adaptability allows traders to keep the chart as simple or as info-rich as they prefer.
6. Custom Smoothing Options & HMA Extensions
- The oscillator can be processed further with a Hull Moving Average (HMA) to reduce noise while still reacting quickly to market changes.
- Slope-based coloring on the HMA provides an additional layer of visual feedback, which is not common in a standard oscillator.
By blending traditional momentum checks with slope-based color feedback, mean reversion triggers, divergence signals, correlation analysis, and an optional metrics table, Uptrick: Oscillator Spectrum offers a more rounded approach than a typical oscillator. It integrates multiple market insights—both visual and analytical—into one script, giving users a broader toolkit for studying potential reversals, gauging momentum strength, and assessing multi-asset trends.
## Conclusion
Uptrick: Oscillator Spectrum brings together multiple layers of analysis—oscillator momentum, divergence detection, correlation insights, HMA smoothing, and more—into one adaptable toolkit. It aims to streamline your charting process by offering meaningful visual cues (such as gradient fills and bar color shifts), advanced tables for broader market data, and flexible alerts to keep you informed of potential setups.
Traders can choose the specific features that suit their style, whether they prefer to focus on raw oscillator signals, multi-ticker correlation, or smooth trend cues from the HMA. By centralizing these different methods in one place, Uptrick: Oscillator Spectrum can help users build more structured approaches to spotting trend shifts and extended conditions, while also remaining compatible with additional analysis techniques.
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### Disclaimer
This script is provided for informational purposes only and does not constitute financial or investment advice. Past performance is not indicative of future results, and all trading involves risk. You should carefully consider your objectives, risk tolerance, and financial situation before making any trading decisions.
Momentum BBPCT Z-Score [QuantAlgo]Momentum BBPCT Z-Score 💫📈
The Momentum BBPCT Z-Score by QuantAlgo is an advanced indicator designed to identify statistical extremes and momentum shifts in price action across various timeframes and market conditions. This system combines Bollinger Bands percentage analysis with Z-score calculations and Statistical Momentum evaluation to help traders and investors identify overbought/oversold conditions and trend strength. By evaluating both statistical extremes and momentum together, this tool empowers users to make data-driven decisions, whether they aim to follow trends or capture mean reversion opportunities.
💫 Conceptual Foundation and Innovation
The Momentum BBPCT Z-Score by QuantAlgo provides a unique framework for assessing price action and momentum through a blend of statistical analysis and momentum evaluation. Unlike traditional Bollinger Band indicators that only reflect price position, this system incorporates Z-score normalization to reveal statistically significant deviations, helping users determine whether price movements are extreme relative to historical norms. By combining high-quality momentum analysis with Z-scores of Bollinger Band positioning, it evaluates both statistical probabilities and momentum quality, while Z-scores standardize deviations from historical trends, enabling traders and investors to spot extreme conditions. This dual approach allows users to better identify mean reversion opportunities while respecting strong momentum conditions, enhancing both counter-trend and trend-following strategies.
📊 Technical Composition and Calculation
The Momentum BBPCT Z-Score is composed of several statistical and momentum components that create a dynamic dual scoring model:
Bollinger Bands Percentage (BBPCT) : Measures the relative position of price between bands on a 0-100 scale, providing a normalized view of price extremes relative to the bands.
Z-Score Normalization : Applies statistical normalization to BBPCT values to identify significant deviations from historical means, helping traders and investors quantify the extremity of current market conditions.
Statistical Momentum Analysis : Evaluates price action across multiple periods to determine momentum strength and persistence, adding depth to the analysis beyond simple price positioning.
📈 Key Indicators and Features
The Momentum BBPCT Z-Score combines various statistical and technical tools to deliver a well-rounded analysis of market conditions.
The indicator utilizes dynamic Bollinger Bands with customizable length and standard deviation multipliers to adapt to market volatility. Z-score calculations are applied to normalize the percentage position within these bands, providing clear statistical context for price movements. The Statistical Momentum component evaluates price action across user-defined periods, helping validate trends and identify potential reversals.
The indicator also incorporates multi-layered visualization with gradient color coding to signal both statistical extremes and momentum conditions. These adaptive visual cues, combined with threshold-based alerts for overbought and oversold zones, help traders and investors track both statistical extremes and momentum shifts, adding reliability to both mean-reversion and trend-following strategies.
⚡️ Practical Applications and Examples
✅ Add the Indicator: Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Z-Scores and Momentum: Watch the Z-score values and momentum state to identify statistically significant price movements. During extreme readings, consider mean reversion opportunities, while strong momentum readings may signal trend-following opportunities.
🔔 Set Alerts: Configure alerts for Z-score extremes and momentum shifts, ensuring you can act on significant statistical and trend changes promptly.
🌟 Summary
The Momentum BBPCT Z-Score by QuantAlgo is a highly adaptable tool, designed to support both statistical and momentum analysis across different market environments. By combining Z-score normalized Bollinger Band positioning with Statistical Momentum Analysis, it helps traders and investors identify statistically significant price movements while measuring momentum quality, providing more reliable trading signals. The tool's flexibility across timeframes makes it ideal for both mean reversion and trend-following strategies, allowing users to capture opportunities while maintaining statistical rigor in their analysis.
