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Step-OMA with Signals

The Step-OMA with Signals is a sophisticated trend-following indicator that combines Loxx's Optimized Moving Average (OMA) algorithm with an advanced step function to create a highly responsive yet smooth trend detection system. This indicator excels at identifying trend changes early while minimizing false signals through its adaptive filtering mechanism.
Core Algorithm Components
1. Optimized Moving Average (OMA) Foundation
Based on Loxx's advanced OMA implementation
Uses a 6-stage exponential smoothing process
Incorporates adaptive period calculation based on market noise
Employs Jurik-style smoothing techniques for superior signal quality
2. Step Function Integration
Implements a step-based trend detection mechanism
Uses ATR-based dynamic threshold calculation
Maintains trend consistency through threshold memory
Provides clear trend change identification
3. Adaptive Noise Filtering
Automatically adjusts to market volatility
Calculates optimal averaging periods based on price noise
Reduces false signals in choppy market conditions
Speed (Default: 3.0, Range: -1.5 to unlimited)
This is the most critical parameter affecting indicator behavior:
Positive Speed Values (0 to 10.0+):
Creates faster, more responsive signals
Higher values increase sensitivity to recent price action
Negative Speed Values (-1.5 to -0.1):
Produces smoother, more conservative signals
Reduces noise and false breakouts
Creates delayed but more reliable trend confirmations
Adaptive (Default: True)
When enabled: Automatically adjusts averaging period based on market noise
When disabled: Uses fixed length parameter
Recommendation: Keep enabled for most market conditions
Sensitivity Factor (Default: 3.0)
Controls the threshold distance for trend change detection
Lower values: More frequent signals, higher sensitivity
Higher values: Fewer but more reliable signals
Optimal range: 2.0-5.0 depending on market volatility
Step Size Period (Default: 50)
Determines the ATR calculation period for dynamic thresholds
Affects the indicator's adaptation to volatility changes
Lower values: More reactive to recent volatility
Higher values: More stable threshold calculation
For a trading application, Step-OMA is a suitable base filter to complement other types of signaling indicators (oscillators, momentum indicators).
Disclaimer: This indicator is a technical analysis tool and should be used in conjunction with proper risk management and comprehensive market analysis. Past performance does not guarantee future results.
Core Algorithm Components
1. Optimized Moving Average (OMA) Foundation
Based on Loxx's advanced OMA implementation
Uses a 6-stage exponential smoothing process
Incorporates adaptive period calculation based on market noise
Employs Jurik-style smoothing techniques for superior signal quality
2. Step Function Integration
Implements a step-based trend detection mechanism
Uses ATR-based dynamic threshold calculation
Maintains trend consistency through threshold memory
Provides clear trend change identification
3. Adaptive Noise Filtering
Automatically adjusts to market volatility
Calculates optimal averaging periods based on price noise
Reduces false signals in choppy market conditions
Speed (Default: 3.0, Range: -1.5 to unlimited)
This is the most critical parameter affecting indicator behavior:
Positive Speed Values (0 to 10.0+):
Creates faster, more responsive signals
Higher values increase sensitivity to recent price action
Negative Speed Values (-1.5 to -0.1):
Produces smoother, more conservative signals
Reduces noise and false breakouts
Creates delayed but more reliable trend confirmations
Adaptive (Default: True)
When enabled: Automatically adjusts averaging period based on market noise
When disabled: Uses fixed length parameter
Recommendation: Keep enabled for most market conditions
Sensitivity Factor (Default: 3.0)
Controls the threshold distance for trend change detection
Lower values: More frequent signals, higher sensitivity
Higher values: Fewer but more reliable signals
Optimal range: 2.0-5.0 depending on market volatility
Step Size Period (Default: 50)
Determines the ATR calculation period for dynamic thresholds
Affects the indicator's adaptation to volatility changes
Lower values: More reactive to recent volatility
Higher values: More stable threshold calculation
For a trading application, Step-OMA is a suitable base filter to complement other types of signaling indicators (oscillators, momentum indicators).
Disclaimer: This indicator is a technical analysis tool and should be used in conjunction with proper risk management and comprehensive market analysis. Past performance does not guarantee future results.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。