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Super Oscillator

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This is my exploration into the cipher wavetrend world of things. Has loads of options.
ملاحظات الأخبار
  • Changed label names to better understand usage
  • Added LYFTOFF color palette
  • Added colorblind mode
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  • Cleaned up formatting and text labels
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Trophy and label fixes to be clearer about what is happening
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I added a resolution input and a security function lookup to allow for HTF overbought/oversold evaluation on more detailed charts. This will default to your current chart resolution. I'm uncertain of how accurate lookahead is when you sample timeframes shorter than your current chart, so don't recommend a 1hr chart with a 1m oscillator... but who knows maybe that does work?!
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  • Added smoothing input and function by request from bearishgrouchbully
  • Pumped all security functions through a single repaint security function to eliminate most recent realtime bar repaint issues
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  • Added option to suppress entry label text
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Added option for a line3, which is sampled from a much longer period. This was for eyeballing longer trends in the overbought/oversold area and making trading decisions based off data I see in this oscillator.
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New version with a third STRONG MOMENTUM signal ⤰⤯, along with removing trade direction instructions. This simply shows progressively stronger resistance in the direction you are looking in. The period for the new STRONG signal is configurable depending on how long you want to hold. Might be worth playing around. For short day trades try something more in the 12 value or so.
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  • Added alert system including alerts for any bullish/bearish momentum (so I can better watch active stock trades for possible exit conditions)
  • Cleaned up appearance with dotted lines
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  • Show realtime bar state because I changed my mind about seeing realtime data versus waiting for candle to paint
  • Lightened colors for easier viewing
  • Added dots to easier pinpoint crosses
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  • Added MFI
  • Added polish
  • Added more zoom zoom
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Testing idea of printing MFI VWAP bar and also icons when MFI changes (look for MFI icon checkbox) in settings. Thanks, PMD!
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  • Removed MFI moneybag icons because they were just really messy
  • Added 3 distinct settings for MFI "types" to allow for easier switching from one visualization to another (still a WIP)
  • Changed default multiplier to make MFI height a tiny bit bigger
  • Added a tiny bit more transparency
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0.5-dev notes: I had a quick lightbulb moment to indicate "strong" signals versus "weak" signals based off a recent strategy I was optimizing. Strong signals receive a ⚠️ symbol. I integrated this functionality into this build, along with a checkbox that allows a user the ability to hide weak signals. WARNING: Alert functionality does not contain new logic for this as I'm simply beta testing an idea.
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Introducing the latest idea for the oscillator: TP visualization + Bull Bear Momentum.

In this release:
  • Bull bear momentum line
  • Renamed the old Momentum (moving average) to "Long Term Trend" to avoid confusion
  • New toggle-able "target zones" for oversold/overbought areas
  • New, slightly more trigger happy confirmation of strong/weak TP signals
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  • Locked labels onto chart instead of being absolutely positioned
  • Changed color of momentum crossover dot
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  • New "strong signal" visualization
  • Added a third possible confirmation for strong signals
  • Added a threshold for selecting 1-3 for strong signals
  • Turned off MFI by default (still an option in settings)
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  • New alerts for zero line bullish/bearish crossovers
  • New scoring formula for detecting strong vs weak signals
  • Added RSI band detection
  • Added trending/chop range detection
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Fixed bug in zone calculation to include looking at BOTH waves. Thanks Plot_Invest
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Addressed similar bug with WT in TP zone, causing the SP symbol to be printed instead of the TP symbol
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v2.0 release candidate. Too many fixes to list. New scoring system. Just try it.
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Slight tweaks to visual styles of scores on TP/SP signals
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Lighter colors to scores
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Visual tweaks and changed input for strong score to match the human readable scale system (0-3) for strong signals
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astu gave me the idea of an anchor wave/windup wave that often results in a strong momentum shift in the anchor wave direction, so I thought I'd give this a go. Things can get muddy when there is chop in the middle. No alerts for the idea and it requires all crosses option to be turned on. Just playing around here...
ملاحظات الأخبار
  • New bull/bear color combo that is user adjustable
  • Upgrade to pine script 5
  • Speed optimization
  • Added defaults for 720m chart
  • Exposed the dual band pump and dump detection at the top
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Different top/bottom visualization and icons to make the new reversal detection make more sense
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Published with absolutely positioned icons for new trend detection system
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I've been working towards some HTF confirmation in my scalp trading, and the following updates are based off my needs/ideas:
  • Completely rewrote the HTF trend system to provide more accurate realtime data
  • Highlighted HTF trends in bull and bear color
  • Highlighted HTF crosses with a diamond symbol
  • Hid most of the scoring algo insides since that should be a separate indicator
  • Performance/speed improvements
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Lots of shiny new things to play with!

  • Introduced the "speed" setting that allows you to toggle through 3 settings (scalper, swing, long term trader)
  • Completely new visual theme idea, filled waves (can be set to old system using toggle for "Enable Wave Fill")
  • New idea for highlighting TP/anchor waves with a bullseye dot instead of a label
  • Turned off all TP/SP labels by default (development only)
  • Made default colors my desired blue values instead of colorblind hater green/red (development only)
  • Added "crash" diamond ♦ with a beta algo for detecting directional change when collision is detected

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  • Included a new zero lag smooth formula for money flow and turned this on by default
  • Changed plotting of signal scores to be smarter and avoid line collision (and placed scores in between the TP/SP zone)
  • Testing the idea of absolute position for all signals on a signal line
  • Changed TE warning signal from triangle to square and lighter... this just felt more "right" to me

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More testing and ideas I've had to improve my trading included.

  • Re-introduced old code for trigger wave detection now that I have more plot variables available
  • Added alerts for diamonds and trigger waves
  • Updated some settings/upon load asked for confirmation of speed
  • Redid some aesthetics
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  • Exposed the "status" pane on current sentiment
  • Changed some icons and minor aesthetic tweaks
  • Other things... I don't remember though!
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This is a mashup of MANY new ideas without a lot of cleanup (still to come). I will highlight notable features:
  • Strategy signal along with strategy configuration for testing within the LYFTOFF-S backtesting framework
  • 2 completely new variants of the oscillator waves!
  • Performance improvements
  • Separation of the trend label to showcase "instant" values and also trend values
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Restored order by fixing the missing/accidentally disabled trend exhaustion system. Oops!
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Included a variety of new strategy combinations, along with defaulting the strategy signal to the "Scoring Algo" a request by PMD to have a unique weighted algo for the long/short entries that requires X number of bullish/bearish conditions. This needs some work to tune it (weights are available within the settings) but might have some promise for future automated strategies once we find the right combination of signals and scores to attach as a default. Of note you could assign a negative score to an event and reduce signals... so there is a lot of possibility here.

I also took away the labels because they just looked messy. I might bring them back one day...
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  • Speed optimization
  • New signal score for %R "expiration dot" signals
  • MAJOR rewrite of the alerts system top to bottom
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  • Fixed crossunder alert message
  • Added additional scoring component for crosses within ob/os zones
  • Re-enabled status tables by default
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Logic fixes for strategy scoring algo
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Updated with a few things:
  • Turned off the signal generation as a default setting. This is really for "experts" IMO.
  • Added my friend RoyeL's suggestion for a super smoothed oscillator as an option that can now utilize my scoring algo.
  • Performance optimizations that were in queue to be published
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Fixing due to TV changes error loading script
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Renamed to "super oscillator" just cuz that goes with my super levels to be a super set of indi's
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Added VWAP and visual tweak options to MFI by request of a new friend offering inspiration.
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Inspiration on this led me to some tweaks visually and to re-enable by default my old collision diamonds with momentum ribbon which was probably the most unique part of this indicator.
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A few misc changes to visuals/layout, allowing easier toggling between VWAP/MFI types
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Added a quick idea to replace oscillator formula with MACD. This needs further development unless you want to turn off moneyflow and the momentum ribbon as the values can range from very small min/max to very large (the old WT oscillator is normalized into the 100/-100 zones). Still something to play with...
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  • New formula for oscillator to match my 65 minute SPY chart settings.
  • Cleanup of some old formulas to improve a bit of speed.
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Integration of a new oscillator formula for testing purposes (type10)
No other changes

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