Hybrid Overbought/Oversold Detector + Put/Call Signals

There are many indicators of overbought/oversold conditions out there. Some of more common ones are:

- Bollinger Bands %B
- Money Flow Index ( MFI )
- Relative Strength Index ( RSI )
- Stochastic

This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary options.
You may select which oscillators you want to apply and of course change the source, the length of the calculations and the overbought/oversold levels.
Also the script will draw a combined graph which is the average of the selected oscillators in the options.

Send me your ideas!
版本注释: A tweak to default OB/OS levels.
版本注释: The 5th oscillator support added:
- Chande Momentum Oscillator (CMO) could now be applied.
版本注释: Small coding tweaks!
版本注释: Added 50-Line which could be useful sometimes.
版本注释: Changed the structure of the code a bit and removed "Total Average" graph due to uselessness!
From now on, there is a new hybrid graph instead, which represents the OB/OS market exactly.
版本注释: Added 0,100-lines to make a better display of Hybrid graph
版本注释: - Added support for 3 new oscillators:
6. Commodity Channel Index (CCI)
7. Keltner Channel %K
8. Rate Of Change (ROC)

- Made some changes to default OB/OS levels and colors
- Applied some coding tweaks
版本注释: Major Update!
Manual setting of OB/OS levels removed; Instead, a procedure of automatic levels detection implemented which leads to some advantages:
- There is no more need for taking care of setting OB/OS levels manually by the user (specially an amateur one).
- The whole process of OB/OS detection could fit any data from any feed automatically.
- OB/OS levels could vary dynamically over time.

So it's all about reacting to any changes in market conditions. Good Luck!
版本注释: - Optimized OB/OS level calculations
- Added labels to show calculated OB/OS levels (for those who wonder what the calculated levels are)
版本注释: - Minor tweaks
- Changed default options
- Added weaker colorized signals which lead to better view and understanding of the chart, trends, divergences and thus more accurate decisions!
版本注释: - Small coloring tweaks!
版本注释: - Added Multi-Timeframe Capability.
Calculations Timeframe could now be changed in options.
版本注释: - Fixed higher timeframe levels calculation bug!
版本注释: Made level calculations more strict
版本注释: - Added support for 2 less common oscillators:
9. Chaikin Money Flow (CMF)
10. Twiggs Money Flow (TMF)
版本注释: Fixed a bug related to TMF oversold calculation
版本注释: - Fixed a multi-timeframes calculation bug
- Increased calculations speed
版本注释: - Fixed another problem related to an annoying Pine MTF functions bug!
版本注释: - Just made the script more structured by implementing some functions
版本注释: - Added support for 2 other oscillators:
11. Disparity Index (DIX)
12. Relative Vigor Index (RVI/RVGI)
- Manual setting of OB/OS levels is now possible again. Feel free to set OB/OS levels as you wish or leave the options as they are to make the calculations automatic.

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。



Unbeatable indicator for confirmation. help us to buy any script at lower side. help to exit at higher side. i become fan of you.
informanerd kunjmech2004
@kunjmech2004, Thanks for your compliment and excellent review! I'm happy it could help someone.
kunjmech2004 informanerd
@informanerd, can i make screener with this scrip. Sir do you have any literatures for this calculation. I want to make screener in chartink software for indian market
informanerd kunjmech2004
@kunjmech2004, Sorry, I'm not familiar with Chartink. But the script source is open. If programming is possible in Chartink, then you may be able to convert the code to that language.
kunjmech2004 informanerd
@informanerd, thank you sir
Hi, it looks great in combination with other indicators. Does it repaint? Hopefully, not. I haven't tested it in Live yet.
informanerd EvgenyRawrr
@EvgenyRawrr, Hey. After the closure of current bar, it does not repaint at all. Actually it's one of my favorite indicators. Maybe you could share your combination after your tests ;)
EvgenyRawrr informanerd
@informanerd, I'll check it Live and send you coins definitely.
really a great indicator. thanks a lot
informanerd kunjmech2004
@kunjmech2004, You're welcome!