[blackcat] L3 Volatility Ehlers Stochastic CGO

27 Mar

OVERVIEW

This advanced indicator integrates the Center of Gravity Oscillator (CGO) with an Ehlers-Stochastic framework and an Adaptive Local Minimum-Maximum Average (ALMA) smoothing algorithm. Designed for non-overlaid charts, it identifies market momentum shifts by analyzing price action through multi-layer volatility analysis.

FEATURES

• Dual-line system:
✓ Stochastic CGO: Core oscillating line derived from weighted OHLC price calculations
✓ ALMA Lagging Line: Smoothing component using customizable offset/sigma parameters
• Dynamic color scheme:
✓ Green/red trend differentiation via crossover comparison
✓ Optional fill areas between lines (toggleable)
• Clear trade signals:
✓ Buy/Sell labels triggered by mathematically defined crossovers
✓ Zero-reference baseline marker (#0ebb23)
• Customizable parameters:

Fast Length (9 default) controls CGO sensitivity
Slow Length (5 default) governs ALMA responsiveness
ALMA Offset/Sigma allow adaptive curve optimization

HOW TO USE

Configure core parameters:
• Adjust Fast Length (CGO timeframe window)
• Set Slow Length, ALMA Offset, and Sigma for smoother/laggier response

Interpret visuals:
• Bullish trend = green shaded zone (when primary line above lagging line)
• Bearish trend = red shaded zone (primary line below lagging line)

Analyze signals:
• Buy triggers occur when rising CGO crosses above ALMA while below zero
• Sell triggers activate when falling CGO breaks below ALMA after exceeding zero base

Optimize display:
✓ Enable/disable fill area via Fill Between Lines

LIMITATIONS

• Relies heavily on lookback periods - rapid market changes may reduce predictive accuracy
• Signal frequency increases during high-volatility environments
• Requires additional confirmation methods due to occasional premature crossovers
• Default parameter settings may lack universality across asset classes

NOTES

• Best paired with volume-based confirmations for stronger signals
• Reducing ALMA Sigma sharpens line responsiveness at cost of noise susceptibility
• Increasing Fast Length extends calculation horizon while reducing peak sensitivity
• Weighted OHLC source formula prioritizes closing prices for swing direction assessment

28 Nis

Sürüm Notları

OVERVIEW

📈 [blackcat] L3 Volatility Ehlers Stochastic CGO is a sophisticated TradingView indicator that combines elements of volatility analysis, Ehlers' stochastic techniques, and adaptive moving averages. This script aims to provide traders with a comprehensive view of market momentum and potential reversal points.

FEATURES

Custom source price calculation using OHLC data
User-adjustable parameters for CGO and ALMA calculations
Center of Gravity Oscillator (CGO) implementation
Adaptive Moving Average (ALMA) smoothing technique
Dynamic trend detection and signal generation
Optional filling between indicator lines
Clear visual representation of buy/sell signals
Alert functionality for signal detection
HOW TO USE

Add the script to your TradingView chart.
Adjust input variables in the settings panel:
Fast Length (CGO)
Slow Length (ALMA)
ALMA Offset
ALMA Sigma
Fill Between Lines
Observe the generated plots and signals on your chart:
Blue or green line representing Stochastic CGO
Red or green lagging line showing ALMA-smoothed values
"Buy" and "Sell" labels indicating trading opportunities
Filled area between lines if enabled
LIMITATIONS

Complexity may be challenging for novice traders
Performance can vary across different markets and timeframes
Requires careful tuning of input parameters for optimal results
NOTES

The script calculates momentum based on the Center of Gravity concept
ALMA is used to smooth the lagging line, reducing noise
Signals are generated based on crossovers between the main oscillator and lagging line
Trend color changes dynamically based on current market conditions
THANKS

Special thanks to the TradingView community for their valuable feedback and contributions to this indicator's development.