Oscillators Matrix[TheJackRabbit]

24 Ağu

Oscillators Matrix

The "Oscillators Matrix" is a powerful and intuitive indicator designed to display key oscillator values in a table format on your TradingView chart. This script provides a quick overview of three popular oscillators: RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and Stochastic Oscillator.

Key Features:
1. RSI (Relative Strength Index):
Calculates the RSI using a user-defined period.
Detects Golden Cross (GC) and Death Cross (DC) between the RSI and its SMA (Simple Moving Average).
Highlights recent overbought (above 70) and oversold (below 30) conditions.

2. MACD (Moving Average Convergence Divergence):
- Calculates the MACD line and Signal line using user-defined short, long, and signal periods.
- Normalizes MACD values to a range of 1-100 for a clearer comparison.
- Detects GC and DC between the MACD line and Signal line.

3. Stochastic Oscillator:
- Computes the %K line using user-defined smoothing lengths.
- Detects GC and DC between %K and %D lines.

4. Visual Table Display:
Presents a clear and concise table showing oscillator values, recent changes, 5-bar moving averages, GC/DC status, and the number of bars since the last GC or DC event.
Dynamic color-coding provides instant visual feedback: green for GC, red for DC, lime for GCed (recent GC), fuchsia for DCed (recent DC), and white with transparency for neutral conditions.

5. Customizable Positioning:
- Choose from four table positions on your chart: Top Left, Top Right, Bottom Left, or Bottom Right. The table automatically adjusts for better visibility based on your selection.

How to Use:
Apply the Indicator: Add the "Oscillators Matrix" to your chart. Currently, this is an invite-only script, so DM me if you want access.

Customize Your Settings: Adjust the input parameters such as RSI length, MACD periods, and Stochastic smoothing lengths to match your trading strategy.

Analyze the Matrix: Utilize the visual matrix to monitor the oscillator conditions and detect potential trading opportunities quickly.

This indicator is designed for traders who want to efficiently monitor multiple oscillators and make informed trading decisions based on oscillator trends and crossovers.