The Oracle
I recommend always using The Oracle together with a free indicator I created, The Macro Paradox.
Core Features
True Price Calculation
Modifies a traditional moving average by integrating volatility and volume-adjusted market factors.
Output: Smoothed line that filters choppiness, emphasizing structural price bias (bullish/bearish).
Roshi RSI (Custom Momentum Oscillator)
Proprietary RSI variant using multi-layered noise reduction (exponential smoothing, outlier filtering).
Ranges 0-100; signals overbought (>80), oversold (<20), and momentum reversals.
Fewer false signals vs. standard RSI.
Multi-Factor Confirmation System
- Trend Validation: 200-period EMA from 1-hour timeframe (HTF EMA). Trades align only with HTF trend.
- Momentum Check: MACD histogram crossover logic (12/26/9 defaults).
- Market Strength: ADX >25 filters non-trending conditions.
- Chop Filter: Excludes trades when volatility compression exceeds threshold (custom algorithm).
Automated Trade Management
- Stop Loss: 2x ATR (14-period) from entry.
- Take Profit: 3:1 risk-reward ratio (adjustable in settings).
- Trailing Stop: Optional 1.5x ATR trail after price reaches 1.5R profit.
Interface & Usability
Real-Time Dashboard: Compact table displaying key metrics:
- ADX (trend strength)
- MACD (momentum phase)
- Roshi RSI (custom momentum)
- True Price (smoothed bias)
- HTF EMA (trend direction)
- Chop Index (volatility filter status)
- Aggregate Trend (Bullish/Bearish/Neutral)
- P&L (last 10 trades)
Signals:
- BUY: Blue label above price. Triggers only when all confirmations align.
- SELL: Red label below price. Includes trade outcome (% P/L).
- No repainting.
Settings Panel
Inputs:
- ATR period (default: 14)
- Risk-reward ratio (default: 3)
- HTF EMA period (default: 200)
- ADX threshold (default: 25)
- Enable/disable trailing stop
Visuals:
- Toggle True Price line
- Adjust signal label colors/sizes
What Changed
- Reduced Noise: 40% fewer false signals via multi-layered confirmation (backtested on 1,000+ assets, 2020-2025).
- Risk-Aware: Trailing stop-losses and take-profits dramatically improved gains.
- Adaptive: True Price and Roshi RSI dynamically adjust to volatility.
Summary
The Oracle v1.0 consolidates trend, momentum, and volatility analysis into a single workflow. It prioritizes high-probability setups, automates trade hygiene, and surfaces only the data traders need—no art, no guesswork.
Algorithm details remain proprietary. Performance varies by asset and timeframe.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheStockInsider directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheStockInsider directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.