Dioptra ~XYXC

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My edited version of White Noise Indicator (Normalized KAMA Oscillator) by user IkkeOmar.

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Horizontal line moved. Graphic representation changed.

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Rollback of previous arbitrary changes.

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Disclaimer: This indicator is currently being refined and tailored to the price action of the Nasdaq Futures Mini contract (N1!) on the 1‑minute timeframe. It is provided for informational and educational purposes only and does not constitute financial, investment, or trading advice. Trading involves risk, and past performance is not indicative of future results.

Mode Explanation:
Mode 1 was developed from semi-historical observations correlating favorable long setups when the oscillator’s columns rise through the −0.31 level after having been significantly lower—ideally at an extreme—for a non-brief period.

Mode 2 has been introduced based on favorable long and short opportunities observed when the oscillator—now displayed as a line—breaks, or is about to break, ascending or descending triangles at extreme levels.

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