OPEN-SOURCE SCRIPT
Miggy Oscillator — NeoWave v7.2 + Fib + TP
🌀 Miggy Oscillator — NeoWave v7.2 + Fibonacci + TP
Miggy Oscillator v7.2 is an advanced multi-layer momentum indicator that fuses WaveTrend, RSI, MFI, and adaptive Fibonacci dynamics into one powerful visual system.
It automatically adjusts its scale and sensitivity to any timeframe and includes built-in Take Profit (TP1 / TP2) levels, divergence detection with diagonal trendlines, and a clean color-coded HUD for quick market reads.
🔹 Core Features
• Adaptive WaveTrend normalization (auto-scales by timeframe)
• Multi-confirmations: VWAP + EMA(50/200) filters
• Dynamic Fibonacci trend line (61.8 %) to identify bias: Bullish, Bearish, or Neutral
• Multiple trading modes: Scalping, Intraday, Swing 1H–4H, Only Short/Long, and dedicated Short-Scalping or Long-Scalping modes
• Smart divergence detection — plots small diagonal lines directly on the oscillator
• Built-in Take Profit logic (TP1 & TP2) based on mode sensitivity
• Neon visual design with a simplified information box (mode, trend, fib level)
🔹 Signals & Alerts
• Bullish / Bearish signals (Strong & Early)
• TP1 / TP2 hits for both Long and Short positions
• Bullish / Bearish divergences
🎯 Usage
Use the Trend color and label as your momentum compass:
🟢 Bullish → momentum dominated by buyers
🔴 Bearish → sellers in control
🟣 Lateral → wait for confirmation
⸻
Designed for traders who want precision, speed, and clarity in one adaptive oscillator.
Version 7.2 — Miggy NeoWave Series
Miggy Oscillator v7.2 is an advanced multi-layer momentum indicator that fuses WaveTrend, RSI, MFI, and adaptive Fibonacci dynamics into one powerful visual system.
It automatically adjusts its scale and sensitivity to any timeframe and includes built-in Take Profit (TP1 / TP2) levels, divergence detection with diagonal trendlines, and a clean color-coded HUD for quick market reads.
🔹 Core Features
• Adaptive WaveTrend normalization (auto-scales by timeframe)
• Multi-confirmations: VWAP + EMA(50/200) filters
• Dynamic Fibonacci trend line (61.8 %) to identify bias: Bullish, Bearish, or Neutral
• Multiple trading modes: Scalping, Intraday, Swing 1H–4H, Only Short/Long, and dedicated Short-Scalping or Long-Scalping modes
• Smart divergence detection — plots small diagonal lines directly on the oscillator
• Built-in Take Profit logic (TP1 & TP2) based on mode sensitivity
• Neon visual design with a simplified information box (mode, trend, fib level)
🔹 Signals & Alerts
• Bullish / Bearish signals (Strong & Early)
• TP1 / TP2 hits for both Long and Short positions
• Bullish / Bearish divergences
🎯 Usage
Use the Trend color and label as your momentum compass:
🟢 Bullish → momentum dominated by buyers
🔴 Bearish → sellers in control
🟣 Lateral → wait for confirmation
⸻
Designed for traders who want precision, speed, and clarity in one adaptive oscillator.
Version 7.2 — Miggy NeoWave Series
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.