OPEN-SOURCE SCRIPT
Updated REMS 'Fugue Lite' Enhanced Candles
REMS Fugue Lite delivers the core REMS directional engine in a streamlined, performance-focused format.
Built on the same REMS philosophy of the Core 4 confirmation framework assessing alignment of four synchronized components;
RSI momentum bias
EMA trend alignment
MACD directional flow
Stochastic state confirmation
Like the original 'Fugue State' Signals are resolved using the same participation-based voting model.
'Fugue Lite' focuses strictly on directional alignment across active components before bias is confirmed. Unlike the full version it does not include VWAP or Bollinger Band structural filtering. This allows for a more streamlined and user-friendly option for traders who don't need the VWAP and Bollinger band filtering in one indicator.
Built on the same REMS philosophy of the Core 4 confirmation framework assessing alignment of four synchronized components;
RSI momentum bias
EMA trend alignment
MACD directional flow
Stochastic state confirmation
Like the original 'Fugue State' Signals are resolved using the same participation-based voting model.
'Fugue Lite' focuses strictly on directional alignment across active components before bias is confirmed. Unlike the full version it does not include VWAP or Bollinger Band structural filtering. This allows for a more streamlined and user-friendly option for traders who don't need the VWAP and Bollinger band filtering in one indicator.
Release Notes
Update Adds- additional MA options
- component weighting system
- quick reference table
Minor adjustment to deference logic
Release Notes
Added MACD Slope mode. Detects recent momentum of MACD based on recent lookback bars.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.