Price Clouds Oscillator (PCO)

This is the oscillator version of Price Clouds (PS). Use this with (PS) for best results.
This indicator shows you over bought and over sold regions similarly to to rsi or stochastic. This indicator centers a moving average around the hl2 of the price. This is calculated as the difference of four moving averages. The signal line shows you how much momentum in any given direction you have. You can also see how much volatility there is by the band width. Just like the Bollinger band high volatility comes before low volatility and visa versa. You can also see what the market is doing based on the signal crosses. If the fast line is above the slow line you are going up and visa versa. This indicator works in most markets, especially crypto. There is a tool tip for every aspect of this indicator explaining how everything works.

Key Feature:
>See where the price is relative to a mean price
>Measure volatility
>Clean global settings
>Normalization feature lets you scale the band from 0 to 1. You loose some information but its easier to use if you aren't measuring volatility.

I hope you are very profitable with this one!
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Your support is a highly motivation for me.

Release Notes:
New feature added: Histogram
Fix: Changed the center of the normalized setting
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Tooltips updates
Organized menu
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Added presets
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Its been good.
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Redone from the ground up. Enjoy.
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chart update lol
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minor update
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Added a new a new bandwidth view for when you are using normalization. Improved ui.
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I added a candle view feature. :)
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You can now customize the color :)
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added delta macd colors and cross indicators
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added more cross
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Added alerts
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Made alerts easier

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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