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Simple Oscillator

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Simple Oscillator

A modern momentum indicator designed to visualize trend strength, momentum shifts, and potential reversal zones in a clean and intuitive way.

The Simple Oscillator enhances traditional momentum analysis with adaptive overbought/oversold zones, optional divergence detection, and clear color-coded momentum bars.

Key Features:
• Color-coded momentum bars (increasing vs. decreasing strength)
• Zero-line momentum shift detection
• Optional signal line
• Adaptive overbought/oversold zones
• Optional buy/sell markers
• Optional bullish & bearish divergence labels
• Compact dashboard for trend, risk, volume, and volatility

How to Use:
• Above zero → bullish momentum bias
• Below zero → bearish momentum bias
• Zero-line crosses may signal momentum shifts
• OB/OS zones highlight momentum extremes
• Divergences can signal potential reversals (confirmation recommended)

This indicator supports your analysis and should not be used as a standalone trading system. Always use proper risk management.

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