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Bonsai OS (Oscillators)Bonsai OS combines four oscillators (RSI, CCI, Stochastic, MACD) in one interface. Features divergence detection, color-intensity, and insights into divergences. Assists traders in spotting potential pivot points. ═════════════════════════════════════════════════════════════════════════ 🌳 Bonsai OS 🌳 Advanced Oscillator Suite 📘 Overview Bonsai OS is a tool tailored for traders focusing on reversal strategies and those keen on identifying market divergences. Combining multiple oscillators into one unified interface, it aids traders in pinpointing potential pivot reversal points. 📌 Algorithm Logic  • Multi-Oscillator Integration: Bonsai OS calculates and integrates the values from four standard oscillators: RSI, CCI, Stochastic, and MACD. Each oscillator's value is derived from its respective mathematical formula, analyzing historical data points.  • Divergence Detection: The tool runs a series of comparisons between price action and oscillator values. When discrepancies (divergences) are observed, they are highlighted, suggesting potential market reversals.  • Price Strength Visualization: A gradient background that is determined by an average of the oscillator values in relation to their historical norms, thereby providing a visual cue about the current price strength, whether it is strong or weak.  • Alerts: Users can set up notifications based on specific divergence insights. Once set criteria are met, alerts are triggered. 🎯 Purpose  • For Professionals: Bonsai OS offers integrated oscillator readings, allowing a more in-depth market analysis.  • For Beginners: Simplified readings and visual cues make it easier for newcomers to understand oscillator indicators and market conditions. 🛠 Distinctive Elements  • Oscillator Fusion: Bonsai OS goes beyond just grouping oscillators. It looks for matching divergences across them, aiming to find stronger signals for market reversals.  • Divergence Indicators: Bonsai OS identifies divergence patterns between price trends and oscillator readings, highlighting their intensity with color variations.  • Insight into Failed Divergences: Recognizing not all divergences lead to reversals, Bonsai OS provides markers for potential false signals, helping traders exercise caution and fine-tune their strategies. Getting Bullish/Bearish and Divergences 📊 Features  • Data Source Customization: Users have the flexibility to choose between default data inputs or adjust to their preferred price points (like High & Low).  • Combined Divergence Signals: Beyond individual oscillator divergences, Bonsai OS identifies instances when several oscillators indicate divergence at the same time.  • Adaptable Outputs: Outputs like 'Bullish Divergence ▲', 'Getting Bullish ▲', 'Getting Bearish ▼' and 'Bearish Divergence ▼' are plotted as non-displayable 1 or 0 for seamless integration into other custom indicators, ensuring a harmonious integration. Here's an example of a custom indicator that can be used for inputting data from external sources: //@version=5 indicator("My Script Template", overlay = true) group_name = "External Source" external = input.source(title = "Source", defval = close, inline = "external", group = group_name) val = input.int(title = ">", defval = 0, inline = "external", group = group_name) // Your logic follows here... Bonsai OS as External Source 🎛 How To Use Bonsai OS 1. Select the desired oscillator. 2. Monitor the color changes for market condition insights. 3. Look out for divergence markers to anticipate potential market shifts. 4. If required, set up alerts for real-time updates. Indicator Settings Menu 📜 Feedback & Continual Development We welcome your feedback. It's essential for the continuous improvement of Bonsai OS and to better serve the TradingView community. ❗️ Disclaimer Trading involves risks. Bonsai OS aims to provide an analytical tool to support traders, but it's essential to complement its insights with other research. Always seek advice from financial professionals and trade responsibly.
Pine Script® indicator
by bonsai_trade
Money Flow Indicator (Chaikin Oscillator) Strategy Indicator plots Money Flow Indicator (Chaikin). This indicator looks to improve on Larry William's Accumulation Distribution formula that compared the closing price with the opening price. In the early 1970's, opening prices for stocks stopped being transmitted by the exchanges. This made it difficult to calculate Williams' formula. The Chaikin Oscillator uses the average price of the bar calculated as follows (High + Low) /2 instead of the Open. The indicator subtracts a 10 period exponential moving average of the AccumDist function from a 3 period exponential moving average of the AccumDist function. WARNING: This script to change bars colors.
Pine Script® indicator
by HPotter
1
Klinger Volume Oscillator (KVO) v2I took /u/HarryPotter's interpretation of the Klinger Volume Oscillator, modified a few values in its calculation (as you can see the scale is much much smaller than in /u/harrypotter's version; I also performed an inverse fisher transform on it, and added some signal coloring. I use this on pretty low time frames (3-5-15 min) with a demarker(13) for confirmation (I also published on TV so check for that one too) :) lime is strong bullish, green is weak bullish, red is strong bearish, maroon is weak bearish it does repaint a little, but i usually look for signals that match with the demarker like when both cross over the midline in the corresponding direction for confirmation.
Pine Script® indicator
by 420snoop
17
LBR OscillatorOscillator used by Linda Bradford Raschke. Basicly it's a MACD with 3/10/16 settings but without the histogram (difference between fast and slow line), instead the shown histogram is based on the fastline (green bars = fastline above zero). The color of the lines will tell you if the line is falling (red) or rising (green). In terms of setups dont just buy or sell if a line is changing its color. Look for divergences or setups like first cross or anti.
Pine Script® indicator
by 20813
2
Market Structure Oscillator [LuxAlgo]The Market Structure Oscillator indicator analyzes and synthesizes short-term, intermediate-term, and long-term market structure shifts and breaks, visualizing the output as oscillators and graphical representations of real-time market structures on the main price chart. The oscillator presentation of the detected market structures helps traders visualize trend momentum and strength, identifying potential trend reversals, and providing different perspectives to enhance the analysis of classic market structures. 🔶 USAGE A market structure shift signals a potential change in market sentiment or direction, while a break of structure indicates a continuation of the current trend. Detecting these events in real-time helps traders recognize both trend changes and continuations. The market structure oscillator translates these concepts visually, offering deeper insights into market momentum and strength. It aids traders in identifying overbought or oversold conditions, potential trend reversals, and confirming trend direction. Oscillators often generate signals based on crossing certain thresholds or diverging from price movements, providing cues for traders to enter or exit positions. The weights determine the influence of each period (short-term, intermediate-term, long-term) on the final oscillator value. By changing the weights, traders can emphasize or de-emphasize the importance of each period. Higher weights increase their respective market structure's influence on the oscillator value. For example, if the weight for the short-term period is set to 0, the final value of the oscillator will be calculated using only the intermediate-term and long-term market structures. The indicator features a Cycle Oscillator component, which uses the market structure oscillator values to generate a histogram and provide further insights into market cycles and potential signals. The Cycle Oscillator aids in timing by allowing traders to more easily see the median length of an oscillation around the average point, helping them identify both favorable prices and favorable moments for trading. Users can also display detected market structures on the price chart by enabling the corresponding market structure toggle from the "Market Structures on Chart" settings group. 🔶 DETAILS The script initiates its analysis by detecting swing levels, which form the fundamental basis for its operations. It begins by identifying short-term swing points, automatically detected solely based on market movements without any reliance on user-defined input. Short-Term Swing Highs (STH) are peaks in price surrounded by lower highs on both sides, while Short-Term Swing Lows (STL) are troughs surrounded by higher lows. To identify intermediate-term and long-term swing points, the script uses previously detected short-term swing points as reference points. It examines these points to determine intermediate-term swings and further analyzes intermediate-term swings to identify long-term swing points. This method ensures a thorough and unbiased evaluation of market dynamics, providing traders with reliable insights into market structures. Once swing levels are detected, the process continues with the analysis of Market Structure Shifts (MSS) and Breaks of Structure (BoS). A Market Structure Shift, also known as a Change of Character (CHoCH), is a critical event in price action analysis that suggests a potential shift in market sentiment or direction. It occurs when the price reverses from an established trend, indicating that the current trend may be losing momentum and a reversal could be imminent. On the other hand, a Break of Structure signifies the continuation of the existing market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength and persistence of the prevailing trend. The indicator analyzes price patterns using a pure price action approach and identifies market structures for short-term, intermediate-term, and long-term periods. The collected data is then normalized and combined using specified weights to calculate the final Market Structure Oscillator value. 🔶 SETTINGS The indicator incorporates user-defined settings, allowing users to tailor it according to their preferences and trading strategies. 🔹 Market Structure Oscillator Market Structure Oscillator: Toggles the visibility of the market structures oscillator. Short Term Weight: Defines the weight for the short-term market structure. Intermediate Term Weight: Defines the weight for the intermediate-term market structure. Long Term Weight: Defines the weight for the long-term market structure. Oscillator Smoothing: Determines the smoothing factor for the oscillator. Gradient Colors: Allows customization of bullish and bearish gradient colors. Market Structure Oscillator Crosses: Provides signals based on market structure oscillator equilibrium level crosses. 🔹 Cycle Oscillator Cycle Oscillator - Histogram: Toggles the visibility of the cycle oscillator. Cycle Signal Length: Defines the length of the cycle signal. Cycle Oscillator Crosses: Provides signals based on cycle oscillator crosses. 🔹 Market Structures on Chart Market Structures: Allows plotting of market structures (short, intermediate, and long term) on the chart. Line, Label, and Color: Options to display lines and labels for different market structures with customizable colors. 🔹 Oscillator Components Oscillators: Separately plots short-term, intermediate-term, and long-term oscillators. Provides options to display these oscillators with customizable colors. 🔶 RELATED SCRIPTS Market-Structures-(Intrabar)
Pine Script® indicator
by LuxAlgo
23