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Multi-MA Oscillator
Description:
The Multi-MA Oscillator is a highly versatile momentum tool that transforms any moving average into a normalized, mean-reverting oscillator. By converting MA values into statistical z-scores, it provides a standardized view of momentum across different timeframes and market conditions. With support for 7 distinct MA types and extensive customization options, it adapts to any trading style while offering clear visual signals for overbought/oversold conditions and potential reversals.
🔍 Core Methodology:
MA Transformation: Converts moving average values into z-scores, showing how many standard deviations the MA is from its historical mean. This normalization allows for consistent interpretation regardless of the underlying MA type or price level.
Multi-Algorithm Support: Choose from 7 MA types - EMA, SMA, KAMA, HMA, DEMA, ALMA, and WMA - each offering unique characteristics for different market environments.
Advanced Algorithm Settings: Fine-tune specialized MAs with dedicated parameters for KAMA (fast/smoothing) and ALMA (offset/sigma).
🎯 Signal Generation & Features:
Standardized Levels: The oscillator operates around a zero line with clear reference levels at ±2, ±3, and ±4 standard deviations.
Reversal Detection: Plots distinctive circle markers (⚬) when momentum peaks at extreme levels, signalling potential trend exhaustion.
Bullish Reversal: Appears in oversold territory (-3 or below) when momentum begins recovering.
Bearish Reversal: Appears in overbought territory (+3 or above) when momentum starts declining.
Dynamic Bar Colouring: Five different colouring modes to match your analysis style:
Trend: Colors bars by momentum direction (Cyan/Bullish vs Purple/Bearish)
Extremities: Highlights only extreme moves beyond ±2 standard deviations
Reversions: Colors bars specifically during reversal signals
Slope: Colors based on momentum acceleration/deceleration
None: No bar colouring
⚙️ Input Parameters:
MA Settings: Select MA type, source, length, and algorithm-specific parameters
Oscillator Settings: Adjust normalization length and reversion threshold sensitivity
Whether you're a day trader needing responsive signals or a swing trader looking for reliable momentum shifts, the Multi-MA Oscillator provides the flexibility and clarity to enhance your technical analysis workflow.
The Multi-MA Oscillator is a highly versatile momentum tool that transforms any moving average into a normalized, mean-reverting oscillator. By converting MA values into statistical z-scores, it provides a standardized view of momentum across different timeframes and market conditions. With support for 7 distinct MA types and extensive customization options, it adapts to any trading style while offering clear visual signals for overbought/oversold conditions and potential reversals.
🔍 Core Methodology:
MA Transformation: Converts moving average values into z-scores, showing how many standard deviations the MA is from its historical mean. This normalization allows for consistent interpretation regardless of the underlying MA type or price level.
Multi-Algorithm Support: Choose from 7 MA types - EMA, SMA, KAMA, HMA, DEMA, ALMA, and WMA - each offering unique characteristics for different market environments.
Advanced Algorithm Settings: Fine-tune specialized MAs with dedicated parameters for KAMA (fast/smoothing) and ALMA (offset/sigma).
🎯 Signal Generation & Features:
Standardized Levels: The oscillator operates around a zero line with clear reference levels at ±2, ±3, and ±4 standard deviations.
Reversal Detection: Plots distinctive circle markers (⚬) when momentum peaks at extreme levels, signalling potential trend exhaustion.
Bullish Reversal: Appears in oversold territory (-3 or below) when momentum begins recovering.
Bearish Reversal: Appears in overbought territory (+3 or above) when momentum starts declining.
Dynamic Bar Colouring: Five different colouring modes to match your analysis style:
Trend: Colors bars by momentum direction (Cyan/Bullish vs Purple/Bearish)
Extremities: Highlights only extreme moves beyond ±2 standard deviations
Reversions: Colors bars specifically during reversal signals
Slope: Colors based on momentum acceleration/deceleration
None: No bar colouring
⚙️ Input Parameters:
MA Settings: Select MA type, source, length, and algorithm-specific parameters
Oscillator Settings: Adjust normalization length and reversion threshold sensitivity
Whether you're a day trader needing responsive signals or a swing trader looking for reliable momentum shifts, the Multi-MA Oscillator provides the flexibility and clarity to enhance your technical analysis workflow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script protegido
Este script se publica como código cerrado. However, you can use it freely and without any limitations – learn more here.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.