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Oscillator Matrix [Alpha Extract]

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A comprehensive multi-oscillator system that combines volume-weighted money flow analysis with enhanced momentum detection, providing traders with a unified framework for identifying high-probability market opportunities across all timeframes. By integrating two powerful oscillators with advanced confluence analysis, this indicator delivers precise entry and exit signals while filtering out market noise through sophisticated threshold-based regime detection.

🔶 Volume-Weighted Money Flow Analysis

Utilizes an advanced money flow calculation that tracks volume-weighted price movements to identify institutional activity and smart money flow. This approach provides superior signal quality by emphasizing high-volume price movements while filtering out low-volume market noise.

Pine Script®
// Volume-weighted flows up_volume = price_up ? volume : 0 down_volume = price_down ? volume : 0 // Money Flow calculation up_vol_sum = ta.sma(up_volume, mf_length) down_vol_sum = ta.sma(down_volume, mf_length) total_volume = up_vol_sum + down_vol_sum money_flow_ratio = total_volume > 0 ? (up_vol_sum - down_vol_sum) / total_volume : 0


🔶 Enhanced Hyper Wave Oscillator

Features a sophisticated MACD-based momentum oscillator with advanced normalization techniques that adapt to different price ranges and market volatility. The system uses percentage-based calculations to ensure consistent performance across various instruments and timeframes.

Pine Script®
// Enhanced MACD-based oscillator fast_ma = ta.ema(src, hw_fast) slow_ma = ta.ema(src, hw_slow) macd_line = fast_ma - slow_ma signal_line = ta.ema(macd_line, hw_signal) // Proper normalization using percentage of price price_base = ta.sma(close, 50) macd_normalized = macd_line / price_base hyper_wave = macd_range > 0 ? macd_normalized / macd_range : 0


🔶 Multi-Factor Confluence System
Implements an intelligent confluence scoring mechanism that combines signals from both oscillators to identify high-probability trading opportunities. The system assigns strength scores based on multiple confirmation factors, significantly reducing false signals.

🔶 Fixed Threshold Levels

Uses predefined threshold levels optimized for standard oscillator ranges to distinguish between normal market fluctuations and significant momentum shifts. The dual-threshold system provides clear visual cues for overbought/oversold conditions while maintaining consistent signal criteria across different market conditions.

🔶 Overflow Detection Technology

Advanced overflow indicators identify extreme market conditions that often precede major reversals or continuation patterns. These signals highlight moments when market momentum reaches critical levels, providing early warning for potential turning points.

🔶 Dual Oscillator Integration

The indicator simultaneously tracks volume-weighted money flow and momentum-based price action through two independent oscillators. This dual approach ensures comprehensive market analysis by capturing both institutional activity and technical momentum patterns.

Pine Script®
// Multi-factor confluence scoring confluence_bull = (mf_bullish ? 1 : 0) + (hw_bullish ? 1 : 0) + (mf_overflow_bull ? 1 : 0) + (hw_overflow_bull ? 1 : 0) confluence_bear = (mf_bearish ? 1 : 0) + (hw_bearish ? 1 : 0) + (mf_overflow_bear ? 1 : 0) + (hw_overflow_bear ? 1 : 0) confluence_strength = confluence_bull > confluence_bear ? confluence_bull / 4 : -confluence_bear / 4


🔶 Intelligent Signal Generation

The system generates two tiers of reversal signals: strong signals that require multiple confirmations across both oscillators, and weak signals that identify early momentum shifts. This hierarchical approach allows traders to adjust position sizing based on signal strength.

🔶 Visual Confluence Zones

Background coloring dynamically adjusts based on confluence strength, creating visual zones that immediately communicate market sentiment. The intensity of background shading corresponds to the strength of the confluent signals, making pattern recognition effortless.

🔶 Threshold Visualization

Color-coded threshold zones provide instant visual feedback about oscillator positions relative to key levels. The fill areas between thresholds create clear overbought and oversold regions with graduated color intensity.

🔶 Candle Color Integration

Optional candle coloring applies confluence-based color logic directly to price bars, creating a unified visual framework that helps traders correlate indicator signals with actual price movements for enhanced decision-making.

🔶 Overflow Alert System

Specialized circular markers highlight extreme overflow conditions on both oscillators, drawing attention to potential climax moves that often precede significant reversals or accelerated trend continuation.

🔶 Customizable Display Options

Comprehensive display controls allow traders to toggle individual components on or off, enabling focused analysis on specific aspects of the indicator. This modularity ensures the indicator adapts to different trading styles and analytical preferences.

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This indicator provides a complete analytical framework by combining volume analysis with momentum detection in a single, coherent system. By offering multiple confirmation layers and clear visual hierarchies, it empowers traders to identify high-probability opportunities while maintaining precise risk management across all market conditions and timeframes. The sophisticated confluence system ensures that signals are both timely and reliable, making it an essential tool for serious technical analysts.
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