Tragad00

TanTechTrades — Trendilo with Moving Average + Divergences (Tragad00)

Inspired by Trendilo, this oscillator reworks the original logic and adds:

A selectable Moving Average (SMA/EMA/WMA/SMMA/VWMA) applied to the oscillator itself

Adaptive bands for overbought/oversold zones

Regular bullish & bearish divergence detection with labels

A full set of alert conditions for signals and state changes

What it does

This indicator transforms price into an ALMA-smoothed percent-change oscillator and compares it to an adaptive volatility band:

Oscillator (avpch)

Computes % change of your chosen Source, optionally smoothed, then smooths it again with ALMA (length, offset, sigma).

Adaptive bands (±rms)

Uses a root-mean-square of the oscillator over a band length (Lookback or custom) scaled by Band Multiplier.

Values above +rms suggest overbought pressure; below −rms suggest oversold pressure.

Trend coloring

Line (and optional bars) turn lime when avpch > +rms, red when avpch < −rms, and gray otherwise.

Optional fill highlights the dominant side.

Overlay MA on the oscillator

A selectable MA of the oscillator (maPlot) helps time signals relative to the Trendilo line.

Regular Divergences

Bullish: price makes a lower low while the oscillator makes a higher low.

Bearish: price makes a higher high while the oscillator makes a lower high.

Lookback windows are configurable and divergence labels are plotted on the oscillator.

Signals & how to read them

Trend Bias

Bull Zone: avpch above +rms (lime)

Bear Zone: avpch below −rms (red)

Neutral: between the bands (gray)

Cross Signals

Long Entry: MA crosses above the Trendilo line (maPlot ↑ over avpch)

Short Entry: MA crosses below the Trendilo line (maPlot ↓ under avpch)

Midline Cross: avpch crossing 0 flags shifts in momentum regime

Divergences

Bullish Divergence label (“Bull”) may mark potential bottoms

Bearish Divergence label (“Bear”) may mark potential tops

Tip: Combine divergence with a subsequent midline cross or MA cross for confirmation.

Alerts included (ready to use)

Overbought / No Longer Overbought

Oversold / No Longer Oversold

Long Entry (MA crosses above Trendilo)

Short Entry (MA crosses below Trendilo)

Midline Cross Up / Midline Cross Down

Bullish Divergence / Bearish Divergence

Set alerts from the “Conditions” menu using the titles above.

Inputs

Core

Source (default: Close)

Smoothing (pre-change smoothing)

Lookback (ALMA length)

ALMA Offset, ALMA Sigma

Band Multiplier

Custom Band Length? + Custom Band Length

Display: Highlight, Fill, Bar Color

Oscillator MA

MA Length

MA Type: SMA / EMA / WMA / SMMA (RMA) / VWMA

Divergences

Pivot Lookback Left / Right

Max/Min Lookback Range (window for valid pivots)

Plot Bullish Divergence / Plot Bearish Divergence

Suggested workflow

Trend context: Use band color (lime/red) to gauge dominant pressure.

Timing: Look for MA ↔ Trendilo crosses in the direction of the current zone.

Reversals: Watch for divergence labels; seek confirmation via midline (0) cross or a band exit.

Risk: Overbought/oversold alerts can warn of exhaustion—tighten stops or scale out.

Notes & credits

Built by TanTechTrades.

Inspired by the Trendilo concept; this version focuses on an ALMA-smoothed percent-change oscillator with adaptive RMS bands, an oscillator MA, and regular divergence detection.

This is a tool, not financial advice. Always combine with price action, structure, and risk management.