Range Oscillator with Alerts (Anson)

Range Oscillator with Alerts (Anson)

From Range Oscillator (Zeiierman)
I made a little change and added an alert function.

The oscillator maps market movement as a heat zone, highlighting when the price approaches the upper or lower range boundaries and signaling potential breakout or mean-reversion conditions. Instead of relying on traditional overbought/oversold thresholds, it uses adaptive range detection and heatmap coloring to reveal where price is trading within a volatility-adjusted band.