Miggy Oscillator — NeoWave v7.4.3 Adaptive Pro

Miggy Oscillator — NeoWave v7.4.3 Adaptive Pro

Miggy Oscillator — NeoWave v7.4.3 Adaptive Pro is an adaptive market oscillator built to identify trend reversals, momentum exhaustion, and liquidity pivot zones across multiple timeframes.
It combines NeoWave-style wave phase detection, volatility-adjusted threshold bands, and contextual divergence logic to deliver reliable reversal signals for Scalp, Intraday, and Swing trading.

Key Concepts

This script introduces a custom wave-phase engine that estimates the current stage of market structure rather than simply combining existing indicators.
It uses asymmetric momentum smoothing and ATR-based volatility scaling to adapt naturally between calm and high-volatility environments.
Divergences are context-aware: they only trigger when both momentum inflection and wave-phase confirmation align, minimizing false signals common to classic RSI or MACD tools.

How It Works

Wave Phase Detection
Calculates the relative position of price within impulsive or corrective phases based on momentum deviation from a dynamic baseline.

Adaptive Threshold Bands
Expands or contracts automatically with real-time volatility to keep sensitivity consistent across different market regimes.

Divergence and Exhaustion Logic

Bullish divergence: price forms a lower low while the oscillator forms a higher low during a corrective phase.

Bearish divergence: price forms a higher high while the oscillator forms a lower high during an impulsive phase.

Exhaustion tags appear when the oscillator pierces an adaptive band and momentum slope weakens.

Mode System

Scalp Mode: high sensitivity, short reaction window.

Intraday Mode: balanced sensitivity and confirmation.

Swing Mode: slower reaction, wide filters for large-scale moves.

Optional Long-Only Bias
Filters out short setups to focus on bullish structures.

How to Use

Choose the operational mode based on your timeframe.

Monitor interactions between the oscillator and outer bands for possible exhaustion or divergence.

Confirm the signal using structure or candle confirmation.

Manage risk:

Tight stops for Scalp mode (1–5 min).

ATR-based stops for Intraday mode (5–30 min).

Structural stops for Swing mode (1H+).

For better accuracy, combine it with Miggy Wave AI or Miggy Fibonacci Matrix to find confluence zones.

Inputs and Customization

Mode Selector: Scalp / Intraday / Swing

Sensitivity Control

Band Multiplier (threshold width)

Divergence Confirmation Bars

Long-Only Option

Color Presets: Miggy Neon (default), Solana Glow, Arctic Pulse, or custom

Signal Labels On/Off

Alert Language: EN or ES

Alerts

Available alert conditions:

Bullish Reversal Detected

Bearish Reversal Detected

Momentum Exhaustion Near Band

Example alert text:
Miggy Oscillator — Bullish reversal detected (Mode: {mode})
Miggy Oscillator — Bearish reversal detected (Mode: {mode})
Miggy Oscillator — Momentum exhaustion near {upper/lower} band

Best Practices

Always confirm divergence with price structure or higher timeframe context.

Avoid taking counter-trend signals in strong trends without confirmation.

Adjust Band Multiplier or switch mode during extreme volatility.

Works on Crypto, Forex, Stocks, Indices, and Commodities.

Limitations

This is not an automated trading system.
It is a technical analysis tool intended to help visualize momentum imbalances and potential reversals.
Performance depends on market conditions and trader confirmation.

Versioning and License

Uses TradingView’s Update feature for improvements (no separate minor releases).

Any future legacy fork will be explained clearly in the description.

License: MIT (open source).

Developed by Miggy.io / Mr. Migraine — 2025.

Publication Compliance

English-only title and description.

No emojis or special characters.

Original adaptive algorithm with detailed explanation.

Clear usage instructions.

Suitable for a clean chart publication preview.