OPEN-SOURCE SCRIPT
OSOM V6
This "OSOM V6" aids trading by providing visual and signal-based insights:
Forecast Trends: Predicts how long trends might last based on history.
Breakouts: Boxes around highs/lows with volume splits; alerts on breaks for momentum entries.
Liquidity Spots: Heatmap highlights order clusters and key levels (POC orange) for potential reversals or stops.
Trend Identification: Detects bull/bear trends via VWMA/EMA bands; colors bars/candles for quick direction spotting.
Entry/Exit Signals: Generates buy/sell labels on band crossovers; includes TP (overbought/oversold via Z-score/RSI) and re-entry alerts for wicks touching bands.
Trend Forecasting: Predicts trend duration based on historical averages, helping time holds.
Breakouts: Draws boxes around pivots with buy/sell volume splits; labels breakouts for momentum trades.
Liquidity Analysis: Heatmap shows order clusters (buy/sell pools) and POC (price magnet); alerts on approaches/crosses to anticipate stops/reversals.
Overall: Reduces guesswork, spots opportunities/risks in trends, breakouts, and liquidity—ideal for scalping or swing trading in volatile markets like crypto/forex. Always backtest and combine with analysis. Spot Trends: Colors bars to show bull (green) or bear (purple) trends quickly.
Buy/Sell Signals: Labels "↑" for buy, "↓" for sell on band crosses; includes TP ("✖") for exits and re-entries ("↻") for dips/spikes.
Helps traders enter/exit smarter, spot traps, and time trades in volatile markets. Backtest before using.
Forecast Trends: Predicts how long trends might last based on history.
Breakouts: Boxes around highs/lows with volume splits; alerts on breaks for momentum entries.
Liquidity Spots: Heatmap highlights order clusters and key levels (POC orange) for potential reversals or stops.
Trend Identification: Detects bull/bear trends via VWMA/EMA bands; colors bars/candles for quick direction spotting.
Entry/Exit Signals: Generates buy/sell labels on band crossovers; includes TP (overbought/oversold via Z-score/RSI) and re-entry alerts for wicks touching bands.
Trend Forecasting: Predicts trend duration based on historical averages, helping time holds.
Breakouts: Draws boxes around pivots with buy/sell volume splits; labels breakouts for momentum trades.
Liquidity Analysis: Heatmap shows order clusters (buy/sell pools) and POC (price magnet); alerts on approaches/crosses to anticipate stops/reversals.
Overall: Reduces guesswork, spots opportunities/risks in trends, breakouts, and liquidity—ideal for scalping or swing trading in volatile markets like crypto/forex. Always backtest and combine with analysis. Spot Trends: Colors bars to show bull (green) or bear (purple) trends quickly.
Buy/Sell Signals: Labels "↑" for buy, "↓" for sell on band crosses; includes TP ("✖") for exits and re-entries ("↻") for dips/spikes.
Helps traders enter/exit smarter, spot traps, and time trades in volatile markets. Backtest before using.
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.