Simple Oscillator
A modern momentum indicator designed to visualize trend strength, momentum shifts, and potential reversal zones in a clean and intuitive way.
The Simple Oscillator enhances traditional momentum analysis with adaptive overbought/oversold zones, optional divergence detection, and clear color-coded momentum bars.
Key Features:
• Color-coded momentum bars (increasing vs. decreasing strength)
• Zero-line momentum shift detection
• Optional signal line
• Adaptive overbought/oversold zones
• Optional buy/sell markers
• Optional bullish & bearish divergence labels
• Compact dashboard for trend, risk, volume, and volatility
How to Use:
• Above zero → bullish momentum bias
• Below zero → bearish momentum bias
• Zero-line crosses may signal momentum shifts
• OB/OS zones highlight momentum extremes
• Divergences can signal potential reversals (confirmation recommended)
This indicator supports your analysis and should not be used as a standalone trading system. Always use proper risk management.
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 SimpleAlgoAI directly.
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 SimpleAlgoAI directly.
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.